Which type of loan is similar to a credit card, where the lender sets the maximum amount that you can borrow based on your equity in the home? A. Equity B. A second mortgage O c. An amortization D. An

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asked Oct 5, 2022 34.5k views

12 votes

Which type of loan is similar to a credit card, where the lender sets the

maximum amount that you can borrow based on your equity in the home?
A. Equity
B. A second mortgage
O c. An amortization
D. An equity line of credit

Mathematics
college

Posey asked

by Posey

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2 Answers

11 votes

Answer:

A second mortgage

Tom Coleman answered Oct 5, 2022

by Tom Coleman

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9 votes

Answer: B

Explanation:

Louie Miranda answered Oct 11, 2022

by Louie Miranda

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