smoothshak3 smoothshak3

27-01-2021
Business

contestada

Which of the following statements is TRUE? *
4 points
Home equity loans or lines of credit are not available to renters
Home equity loans or lines of credit are only available to people who have paid for their home in full
Home equity loans or lines of credit are illegal in most states
Home equity loans or lines of credit are only useful for funding home improvement projects

Respuesta :

anthougo anthougo

28-03-2022

The TRUE statement about Home Equity Loans is A. Home equity loans or lines of credit are not available to renters.

What is a home equity loan?

A home equity loan is a line of credit, known as a HELOC, secured by an individual's homeownership which gives the individual a revolving credit line to use.

The homeowner can borrow up to 80% or more based on the home equity built up over the years.

Thus, the TRUE statement about Home Equity Loans is A. Home equity loans or lines of credit are not available to renters.

Learn more about the Home Equity Line of Credit at https://brainly.com/question/26479975

Answer Link

Otras preguntas

There are 2.5 oranges per pound, and 1.2 grapefruit per pound. With $50 you can buy 40 pounds of oranges or 55 pounds of grapefruit. If you have enough money to

If this number is larger than 6, then its square is larger than 36.The number is not larger than 6.therefore Its square is not larger than 36.a. Trueb. False

If a gain of $7,116 is realized in selling (for cash) office equipment having a book value of $64,521, find the total amount reported in the cash flows from inv

Anthony, a retired Army officer, is a professor of sociology at a small state university. During the Vietnam War, he was awarded the Medal of Honor and he usual

What is the difference between a summary and a transcript? Select one: a. A summary is a direct copy of the interview, while a transcript is a shorter, more edi

One year ago, you bought a stock for $29.15 a share. You received a dividend of $1.04 per share last month and sold the stock today for $28.80 a share. What is

When Tyronne first heard a new song on the radio, he disliked it. However, after hearing it played many times on the radio, he is surprised that he has grown to

Simplify the expression [tex]\frac{(x-1)(x-2)(x^{2} -9x+14)}{(x-7)(x^{2} -3x+2)}[/tex]

The following quotes represent statements by students on statistics exams. All but one have errors in them. Which one is free of errors? The variables have a co

Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the current period, the company reports th