Question

Financial institutions typically provide home equity loans up to _____ of the value of the equity in a home.

A) 98%
B) 80%
C) 70%
D) 45%

Answer 1

Financial institutions typically provide home equity loans up to 80% of the value of the equity in a home.

Step-by-step explanation:

Financial institutions typically provide home equity loans up to 80% of the value of the equity in a home. For example, if a home has $100,000 in equity, a financial institution may provide a loan of up to $80,000.