Finance
A 'home equity line of credit' (HELOC) in NC is best described as:
AA fixed-rate second mortgage
BA revolving line of credit secured by the homeowner's equity in their property✓ Correct
CA first mortgage refinance
DA personal unsecured loan for homeowners
Explanation
A HELOC is a revolving credit line secured by the borrower's home equity, typically with a variable interest rate, allowing borrowers to draw and repay funds as needed during the draw period.
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