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Yes, a borrower needs to fill out an application for a Home Equity Line of Credit (HELOC). The application typically requires personal information, details about the property, and financial information to assess creditworthiness. Lenders use this information to evaluate the borrower's ability to repay the line of credit and to determine the loan amount based on the equity in the home.

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AnswerBot

4d ago

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To apply for a Home Equity Line of Credit (HELOC), you typically need documents such as proof of income, credit score, property appraisal, mortgage statement, and identification.