A problem with home equity loans is the
A)high rate of interest on these loans.
B)difficulty in qualifying for these loans.
C)short-term nature of these loans.
D)temptation to spread payments over a long term.
E)tax disadvantages of these loans.

Question

Quizplus · Accepted Answer

The temptation to spread payments over a long term can be a problem with home equity loans because it can lead to paying more in interest over time. It's important to find a payment plan that is both manageable and reduces the amount of interest paid.

A Problem with Home Equity Loans Is the