Finance
A Wyoming home equity line of credit (HELOC) is secured by:
AThe borrower's income
BThe borrower's equity in their home through a deed of trust or mortgage lien✓ Correct
CThe lender's guarantee fund
DOnly the borrower's creditworthiness without property collateral
Explanation
A HELOC is a revolving line of credit secured by a lien on the borrower's home (typically a second deed of trust). The borrower can draw funds up to the credit limit and must repay the outstanding balance. The home serves as collateral, so failure to repay can result in foreclosure.
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