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How are interest rates calculated for home equity loans

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Reference no: EM131306087

1. Home Equity Loan. How are interest rates calculated for home equity loans? Why do borrowers prefer home equity loans to other loans?

2. Home Equity Loan. How can borrowers enjoy tax savings by using a home equity loan? How are these tax savings computed?

3. Impact of Economy on Home Equity Loan. Why may a weak economy cause your credit limit on your home equity loan to decline? Why may a strong economy cause your credit limit on your home equity loan to rise?

Reference no: EM131306087

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