When interest rates on loans drop people often take out, Ask an Expert

Finance

When interest rates on loans drop, people often take out home equity loans.

Research the rate of home equity loans at a local bank or credit union and at an on-line lender. Which one seems most favorable?

What is the tax advantage of a home-equity loan as opposed to an unsecured loan (credit card)? What might be a danger of using a home-equity loan?

Do any of you have any experiences with this you wish to share (not required)?

Brown, G., & Sukys, P. (2012). Business Law with UCC Applications Student Edition. McGraw-Hill Higher Education

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92669704

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