Cool A Home Equity Line Is A Secured Loan References. Home equity line of credit (heloc) helocs are secured by your home’s equity, which is computed by subtracting your remaining mortgage from the market value of your. A home equity line of credit (heloc), is a secured form of revolving credit.

A heloc, however, is not a lump sum of money. It works like a credit card that can. Unlike an unsecured (or “personal”) line of credit, a home equity line of credit is secured against the value of your home, allowing you to access lower interest rates.