The types of credits would best describes home equity loans as open and secured. Check more about credit below.
An open-end credit, is known to be a credit where a person can keep using the same type of credit as long as they want only when they make the minimum monthly payments every month and at the right time.
Conclusively, these types of credits would best describes home equity loans as open and secured is one does not have limits as long as one meet up with the payment monthly.
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