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Natalka [10]
3 years ago
13

Which of the following statements is TRUE? *

Business
1 answer:
strojnjashka [21]3 years ago
7 0

Answer:

None

Explanation:

  • A home equity load is secured by the equity the owner has in the home.  Renters don't have equity and can not borrow against a property they do not own
  • Home equity loans only require a certain LTV (loan-to-value) ratio.  If there's equity available after the existing mortage that fits in the LTV, a home equity load is possible
  • While states regulate home equity loans, no state outlaws then
  • While home equity loans are useful for home improvement, they can be used for other purposes too such as debt consolidation
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