Finance
A home equity line of credit (HELOC) is secured by:
AThe borrower's personal property
BA second mortgage (lien) on the borrower's home✓ Correct
CA government guarantee
DThe borrower's investment portfolio
Explanation
A HELOC is a revolving line of credit secured by a lien (usually second mortgage) on the borrower's home, allowing draws up to a set credit limit.
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