Home equity loan and Home Equity line of credit basically means that you,the homeowner, can borrow money against the value of your house. Both are, inessence, a second mortgage. Borrowers offer their home as collateral to loanproviders. What is equity?Equity basically is the value of your home minus yourdebts. If the market value of your home rises, so does its equity. Likewise, ifyour debts Real Estate – GuideTo.Com