Finance
In Indiana, a home equity line of credit (HELOC) is secured by:
AThe borrower's income stream
BThe equity in the borrower's home as a lien✓ Correct
CA co-signer's creditworthiness
DThe lender's guarantee fund
Explanation
A HELOC is a revolving line of credit secured by a lien on the borrower's home. The credit limit is typically based on a percentage of the home's appraised value minus any existing mortgage balance.
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