Loans that let customers borrow on a line of credit secured with a second mortgage on their home is called a securitized mortgage asset.

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Loans that let customers borrow on a line of credit secured with a second mortgage on their home is called a home equity line of credit (HELOC), not a securitized mortgage asset. A securitized mortgage asset is a type of investment where mortgages are pooled together and sold to investors as securities.

Loans That Let Customers Borrow on a Line of Credit