The _____ is a second mortgage on your home.
A) affinity card
B) unsecured personal credit line
C) home equity line of credit
D) preferred Visa card
E) platinum American Express card

Question

Quizplus · Accepted Answer

A home equity line of credit (HELOC) is a second mortgage that allows you to borrow against the equity in your home. It can be used for home improvements, debt consolidation, or other large expenses. Unlike a traditional mortgage, you can borrow and repay as needed within the HELOC's draw period.

The _____ Is a Second Mortgage on Your Home