Answer: Interest rates on home equity loans are typically lower than rates for unsecured personal loans or credit cards, because your home is used as collateral. You can use the money for virtually any purpose. You have the freedom to use your loan to buy an investment property, start a business or fund another goal.
Explanation:
Home equity loan has a lot of advantages, because the one lending you the money sees you as capable of paying back based on your property being used during the loan or they would take that property when you're unable to pay back. One of the advantages is that you can borrow money anytime up till an approved amount, their interest rates are low and you can use the money for virtually any purpose all because your property is the collateral
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Their influence may be larger than their numbers
Answer:
Hello there!
I hope this answer will help you
Explanation:
>> Some examples are:-
1) A good example of elastic demand is housing. There are so many different housing choices. People could live in a townhouse, condo, apartment, or even with friends or family. Because there are so many options, it’s easy for people to not pay more than they want to.
2) Clothing also has elastic demand. True, people have to wear clothes, but there are many choices of what kind of clothing and how much to spend. When some stores offer sales, other stores have to lower their clothing prices to maintain demand. Small stores that can't offer huge discounts go out of business. During the Great Recession, many clothing stores were replaced by second-hand stores that offered quality used clothing at steeply discounted prices.
