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?
Business Law with UCC Applications, 14th Edition (Paul A. Sukys & Gordan W. Brown, 2017) McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121