Finance
In South Carolina, which type of mortgage allows the borrower to borrow, repay, and borrow again up to a credit limit?
AFixed-rate mortgage
BHome equity line of credit (HELOC)✓ Correct
CFHA mortgage
DBalloon mortgage
Explanation
A HELOC is a revolving credit line secured by home equity. The borrower can draw funds, repay them, and draw again (like a credit card) during the draw period.
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