Finance
A home equity line of credit (HELOC) in Virginia is secured by:
AThe borrower's personal property
BA deed of trust on the borrower's home✓ Correct
CA promissory note only
DThe borrower's investment accounts
Explanation
A HELOC is secured by a deed of trust (or mortgage) on the borrower's home, allowing the borrower to draw funds up to a credit limit. In Virginia, like a regular mortgage, a deed of trust is used.
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