Which of the Following Is Not True in Regard to a Home

question 45

Multiple Choice

Which of the following is not true in regard to a home equity line of credit (HELOC) ?

• A)With a HELOC,you apply once for the loan and can use it for any expenses.
• B)As you pay off your HELOC,you have more credit available to use.
• C)There are tax incentives on your HELOC.
• D)You will have a fixed payment for a specific time frame with a fixed interest rate.

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Definitions:

Aldosterone

A hormone produced by the adrenal glands that helps regulate blood pressure by balancing sodium and potassium levels.

Thymus Gland

An organ located in the upper chest, it plays a role in the development of the immune system in early life.

Immune System

The body's defense system comprised of organs, tissues, cells, and molecules that identifies and destroys pathogens and tumor cells to protect the body from disease.

Ovarian Follicle

A small sac in the ovary that contains a developing egg (oocyte), which can potentially be fertilized and lead to pregnancy.