What is another word for equity credit line?
Pronunciation: [ˈɛkwɪti kɹˈɛdɪt lˈa͡ɪn] (IPA) 
An equity credit line, also known as a home equity line of credit (HELOC), is a type of loan that allows homeowners to borrow money by using their home as collateral. There are several synonyms for this term that are commonly used in the financial industry. These include home equity loan, second mortgage, and reverse mortgage. While all of these terms refer to borrowing money against the equity in a home, there are slight differences in the terms and repayment conditions. Homeowners should carefully consider their options and consult with a financial advisor before deciding on the best type of equity credit line for their needs.
