Many banks offer lines of credit that are secured by a second mortgage (or lien) on real
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Many banks offer lines of credit that are secured by a second mortgage (or lien) on real property. These loans have been very popular among bank customers. Why are homeowners so willing to pledge their homes as security for these lines of credit?
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The IRS allows the interest paid on first ...View the full answer
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0133423624
8th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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