Which of the Following Is a Disadvantage of a Second

question 10

Multiple Choice

Which of the following is a disadvantage of a second mortgage compared to credit card debt?

• A) The loans are secured by the borrower's home.
• B) The borrower gives up the tax deduction on the primary mortgage.
• C) The borrower must pay points to get a second mortgage loan.
• D) The borrower will find it more difficult to qualify for a second mortgage loan.

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