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12 November, 07:05

Which of the following types of credits would best describes home equity loans?

a. closed and secured

b. closed and unsecured

c. open and secured

d. open and unsecured

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  1. 12 November, 07:24
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    The types of credits that would describe home equity loans is letter A. closed and secured.

    Home equity loan is also known for the term "second mortgage". This type of loan allows borrowers/loaners to have his/her home's equity as collateral for his/her loan.
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