Finance
What is a HELOC in Nevada real estate?
AA fixed-rate second mortgage
BA Home Equity Line of Credit allowing homeowners to borrow against their home equity up to a set limit✓ Correct
CA government program for Nevada homebuyers
DA high-equity low-cost loan for luxury homes
Explanation
A HELOC (Home Equity Line of Credit) is a revolving line of credit secured by the equity in the borrower's home. Homeowners can draw on the line, repay it, and draw again up to the credit limit during the draw period, making it flexible for renovation or other needs.
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