If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.True or false: Equity is the difference between what a home is worth and how much is owed on the mortgage.TrueFalseTrue or false: Home equity lines of credit are fixed-rate loans.TrueFalseHome equity loans are popular because:They are tax deductible.They are secured by a residence.The rates are lower than an auto or credit card rate.All of the aboveNext Chapter >> -- Updated: April 1, 2006 advertisementRelated Links:National home equity loan averagesNational home equity loan averagesPaying off credit card with home equityRelated Articles:Understanding my mortgageUsing equity wisely Meltdown: home equity
If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.
True or false: Equity is the difference between what a home is worth and how much is owed on the mortgage.
True or false: Home equity lines of credit are fixed-rate loans.
Home equity loans are popular because:
-- Updated: April 1, 2006
Rates can change at a moment's notice.
Let us keep an eye on them with customized alerts.
