Author Question: A home equity loan may do all of the following except (Read 113 times)

nramada · **on:** Apr 14, 2019

Question 1

One disadvantage of financing is

◦ interest payments are tax-deductible.
◦ it allows you to make purchases without having adequate cash available.
◦ it can cause budgeting problems.
◦ it allows you to have more money in the future.

Question 2

A home equity loan may do all of the following
except

◦ give you a tax deduction if you itemize.
◦ increase your current purchasing power.
◦ increase your spending in the future.
◦ prevent you from achieving your financial goals.

Tabitha_2016 · **Reply #1 on:** Apr 14, 2019

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