Which of the Following Is Not True in Regard to a Home

Which of the following is not true in regard to a home equity line of credit (HELOC) ?

A) With a HELOC,you apply once for the loan and can use it for any expenses.
B) As you pay off your HELOC,you have more credit available to use.
C) There are tax incentives on your HELOC.
D) You will have a fixed payment for a specific time frame with a fixed interest rate.