Connect with knowledgeable experts and enthusiasts on IDNLearn.com. Join our community to receive prompt and reliable responses to your questions from experienced professionals.

Which type of loan is similar to a credit card, where the lender sets the
maximum amount that you can borrow based on your equity in the home?
A. Equity
B. A second mortgage
O c. An amortization
D. An equity line of credit


Sagot :

Answer: B

Step-by-step explanation:

Answer:

A second mortgage

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.