Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

fill in the blank question a line of credit is based on the value of yo…

Question

fill in the blank question
a
line of credit is based on the value of your residence less the amount still owed on the mortgage
need help? review these concept resources.
read about the concept

Explanation:

Brief Explanations

This type of line of credit uses the equity in a home, calculated as the home's value minus the remaining mortgage balance, as collateral.

Answer:

home equity