Which of the Following Is a Feature of a Home

question 9

Multiple Choice

Which of the following is a feature of a home equity loan?

• A)The interest rate on a home equity loan is higher than that on other loans.
• B)The interest paid on a home equity loan is tax deductible.
• C)A home equity loan is generally the first mortgage loan.
• D)A home equity loan is a single-payment loan.
• E)A home equity loan is an unsecured loan.

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Definitions:

Additional Education

Further learning or training undertaken after completing a formal education, often to gain new skills or knowledge.

Different Department

generally refers to a separate division within an organization, institution, or government that has distinct roles, responsibilities, or areas of focus from others.

Married

The legal or formally recognized union of two people as partners in a personal relationship, typically as spouses.

Children

In legal contexts, refers to individuals who are under the age of majority, often considered as 18 years, and subject to special protections under the law.