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Author Question: When you borrow on a mortgage to buy a new home, the lender will require you to purchase (Read 104 times)

Marty

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  • Posts: 553
on: Apr 14, 2019

Question 1

One disadvantage of financing a new car with a 15 year home equity loan is


◦ the interest is tax deductible.
◦ the interest is not tax deductible.
◦ you are mismatching the asset life with the term of the loan.
◦ There are no disadvantages of borrowing on a home equity loan.

Question 2

When you borrow on a mortgage to buy a new home, the lender will require you to purchase


◦ life insurance.
◦ homeowner's insurance.
◦ disability insurance.
◦ the lender will require you to purchase all three types of insurance to protect their loan.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by Marty on Apr 14, 2019

diesoon

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Marty

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  • Posts: 553
Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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