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IIRC, many are callable and future advances can certainly be cut-off by the Lender

I haven't seen any that are callable.

I've seen that they can ask for full repayment if you are delinquent.

The lender being able to freeze the credit line at whatever has been withdrawn so far is in my experience common/expected.

I certainly agree it's a good idea to compare HEL options and HELOC options.
And I'd recommend checking your local credit unions - I have gotten excellent HEL/HELOC rates from credit unions.
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