Finance
A Missouri home equity line of credit (HELOC) is secured by:
AThe borrower's personal property
BA second mortgage/deed of trust on the home✓ Correct
CA personal guarantee only
DA lien on the borrower's income
Explanation
A HELOC is a revolving line of credit secured by a second deed of trust (or second mortgage) on the borrower's home. The home's equity serves as collateral.
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