Finance
A home equity line of credit (HELOC) in New Hampshire is secured by:
AThe homeowner's personal guarantee only
BA mortgage lien on the homeowner's property✓ Correct
CA lien on the homeowner's vehicle
DNothing — it is unsecured
Explanation
A HELOC is secured by a mortgage lien on the borrower's real property. If the borrower defaults, the lender may foreclose on the property to satisfy the debt.
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