Finance
A home equity line of credit (HELOC) in Indiana is secured by:
AThe borrower's personal property
BA mortgage lien on the borrower's home✓ Correct
CThe borrower's investment portfolio
DA promissory note only, without property security
Explanation
A HELOC is a revolving line of credit secured by a mortgage on the borrower's home. The lender has a lien on the property that can be foreclosed if the borrower defaults.
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