If Brian Has a Home Worth $400 000 and a Mortgage

question 11

True/False

If Brian has a home worth $400 000 and a mortgage of $200 000,he should be able to get a HELOC for $160 000 at a better interest rate than if he got an unsecured line of credit.

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Definitions:

Communications Executive

A senior-level professional responsible for overseeing an organization's internal and external communication strategies.

International Business Correspondence

The exchange of written communication between parties from different countries for the purpose of business.

Conscious Buyers

Consumers who make purchasing decisions based on the social, environmental, and ethical implications of products.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.