All are true regarding HELOC's except:

A) usually at a variable rate of interest

B) provide tax advantages to the borrower

C) growing in popularity as credit card lines are reduced or tapped out

D) provide a junior-lien position to first-lien loans

E) often securitized in the secondary market

F) The portion of HELOCs not advanced is an unfunded contingency carried OFF the balance sheet of a bank similar to untapped credit card lines