Finance
A home equity line of credit (HELOC) in Pennsylvania is secured by:
AThe borrower's personal assets and credit score
BA mortgage or deed of trust on the borrower's real property✓ Correct
CA promissory note only with no lien on property
DThe lender's blanket surety bond
Explanation
A HELOC in Pennsylvania is secured by a mortgage on the borrower's real property, typically a second lien position. The property secures the line of credit, giving the lender the right to foreclose if the borrower defaults.
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