Finance
A Montana borrower who takes out a home equity loan to fund a business investment should understand that:
AThe home equity loan interest is always fully tax-deductible
BThe home is at risk as collateral if the business investment fails and the loan cannot be repaid✓ Correct
CHome equity loans for business purposes are not permitted
DThe interest rate is guaranteed to be below the prime rate
Explanation
A home equity loan uses the borrower's home as collateral. If the borrower cannot repay the loan (e.
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