Finance
A home equity line of credit (HELOC) is a form of:
AFirst mortgage
BRevolving credit secured by the borrower's home equity✓ Correct
CUnsecured personal loan
DGovernment-insured mortgage
Explanation
A HELOC is a revolving line of credit secured by the equity in the borrower's home, allowing them to borrow, repay, and borrow again up to a set credit limit.
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