How are interest rates calculated for home equity loans? Why do borrowers prefer home equity loans to other loans?
Answer to relevant QuestionsWhy may a weak economy cause your credit limit on your home equity loan to decline? Why may a strong economy cause your credit limit on your home equity loan to rise? Explain the difference between a 10% rate charged on a payday loan and a 10% rate charged by a bank on a personal loan. Tracy is borrowing $ 8,000 on a six- year, 11%, add- on interest loan. What will Tracy’s payments be? What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you? Describe some of the costs of buying a home. Are there potential tax savings associated with buying a home?
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