SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 28, 1998
ADVANTA Revolving Home Equity Loan Trust 1998-A
New York 333-37107-04 "Pending"
c/o ADVANTA Mortgage Corp., USA
Attn: William P. Garland
10790 Rancho Bernardo Road
San Diego, CA 92127
(619) 674-1800
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the November, 1998 Monthly Period of the Trust in respect of
the Revolving Home Equity Loan Pass-Through Certificates,
Series 1998-A, Class A (the "Certificates") issued by the Registrant
and the performance of the Trust (including distributions of principal
and interest, delinquent balances of Home Equity Loans,
and the Subordinated amount remaining), together with certain other
information relating to the certificates, is contained in the
Monthly Report for the Monthly Period provided to certificateholders
pursuant to the Pooling and Servicing Agreement (the "Agreement")
dated as of June 1, 1998 between ADVANTA Mortgage Corp.,
USA as Servicer, and Bankers Trust Company, as Trustee.
Item 7. Financial Statements, Exhibits
Exhibit No. Exhibit
1. Monthly Report for the November, 1998 Monthly
Period relating to the Revolving Home Equity
Loan Pass-Through Certificates Series 1998-A,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1998-A.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the November, 1998 Monthly
Period relating to the Revolving Home Equity Loan
Loan Pass-Through Certificates, Series 1998-A,
Class A issued by the ADVANTA Revolving
Home Equity Loan Trust 1998-A.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
ADVANTA Revolving Home Equity Loan Trust 1998-A
BY: ADVANTA Mortgage Corp., USA
BY: /s/ William P. Garland
William P. Garland
Senior Vice President
Loan Service Administration
December 31, 1998
<TABLE>
EXHIBIT 1
ADVANTA Revolving Home Equity Loan Trust 1998-A
Statement to Certificateholders
<CAPTION>
Original Prior
Face Principal
Class Value Balance Interest Principal Total
<S> <C> <C> <C> <C> <C>
A 80,000,000 75,054,23 358,6 1,107,903 1,466,511.26
Totals 80,000,000 75,054,23 358,6 1,107,903 1,466,511.26
</TABLE>
<TABLE>
<CAPTION>
Current Pass-Through
Realized Deferred Principal Rates
Class Losses Interest Balance Current Next
<S> <C> <C> <C> <C> <C>
A 73,946,330 5.212340% 5.794380%
Totals 73,946,330.64
</TABLE>
<TABLE>
<CAPTION>
Prior Current
Principal Principal
Class CUSIP Balance Interest Principal Total Balance
<S> <C> <C> <C> <C> <C> <C>
A 00757CAC2 938.177930 4.482594 13.848797 18.331391 924.329133
</TABLE>
<TABLE>
Delinquent Loan Information:
<CAPTION>
90+ Days Loans Loans
30-59 60-89 excldg f/c,REO in in
Days Days & Bkrptcy Bankruptcy REO
<S> <C> <C> <C> <C> <C>
Group 1 Principal Balanc 1,591,7 413,5 438,36
% of Pool Balanc 2.08360% 0.54130% 0.57380% 0.00000% 0.00000%
Number of Loans 56 16 15 0 0
Loans in Bankrup Group 1 -
<S> <C> <C> <C>
Servicing Fee Due and Payable for Period: 32,2
Insurance Premiums Due for Period: 10,6
Indenture Trustee Fee Due for Period:
Owner Trustee Fee Due for Period:
Net Funds Cap Carry-Forward Amount:
Unpaid Class A Note Interest Shortfall Amount:
The Amount of Insured Payment Made this Period:
Total Substitution Amount
Total Loan Purchase Price Amount
Book Value or REO Properties:
The Step-Down Amount
The Originator Interest Amount 2,448,979
The Non-Subordinated Originator's Interest Amount
Accelerated Principal Payment
Overcollateralization Deficit
Beginning Pool Balance 77,503,213.
Ending Pool Balance 76,395,310.
Three Largest Unpaid Balances:
Loan Number Principal Balance
1069660 284,000.00
1054800 215,292.92
1056450 211,937.34
<S> <S> <C> <C> <C>
</TABLE>
