Finance
A Wisconsin HELOC (Home Equity Line of Credit) is best described as:
AA fixed-rate mortgage for home improvements
BA revolving credit line secured by home equity, with variable rates✓ Correct
CA second mortgage with a balloon payment
DAn FHA-insured home improvement loan
Explanation
A HELOC is a revolving line of credit secured by the homeowner's equity, typically with a variable interest rate and draw and repayment periods.
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