The Rate Charged on a Home Equity Loan Is Almost

question 16

Multiple Choice

The rate charged on a Home Equity Loan is almost always:

• A) tied to the APR of the mortgage on the property being used as collateral
• B) the same as that of other loans based on collateral other than a residence
• C) tied in to some money market index,such as short term Treasury yields
• D) based on the amount of equity the borrower has accrued

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