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Equity Loans
These are loans where the borrowed amount is secured by the borrower's equity in their property, typically a home.
Household Debt
The total amount of money that all members of a household owe to outside parties, including mortgages, credit cards, and loans.
Adjustable Rate Mortgages
A type of mortgage loan where the interest rate can change over time based on an index or benchmark.
Sub-Prime Loans
These are loans offered to individuals with poor credit histories or higher risk profiles at higher interest rates than standard loans.
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