Rich wants to add a room to his house, so he takes out a home equity loan. This creates a(n) Specific lien.
A home equity loan is a line of credit also known as a HELOC, secured by an people's homeownership which provides the individual a revolving credit line to use. It can be risky because the lender can foreclose if they don't make your payments.
On the other hand, a specific lien is specific to one property, such a house upon which a mortgage is applied.
Likewise, in above case, Rich wants to add a room in his house then he borrowed a loan for specific house purpose.
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