When you have a mortgage with your mortgage, but the value of the property exceeds the amount that the difference between the value of the debt and the property called Home Equity. The rest of the property value can be used to obtain another loan is a loan or Home Equity line of credit secured loans are Credit. Home an interest rate fixed or variable, and obtain a fixed rate mortgage fixed, but the negotiation of repayment schedules. A home loan is like any other loan, but the capital, he built his house and spend some interests. A guaranteed by Home Equity Line of Credit, on the contrary, it only comes with a variable interest rate is a fixed amount of the loan, although a maximum credit and payment flexibility. Home Equity Line of Credit is also home equity. Interest protected both the guaranteed rate is significantly reduced. Only loans with fixed interest rate, interest rates a little higher. Housing loans have a variable interest rate, usually a little slower. lines of credit, on the other side, wearing only a variable interest rate, in general, similar to fixedrate mortgage loans secured by mortgage rate. Loan amountleft is a fixed amount of credits can be equal or slightly higher than the mortgage. lines of credit home equity is a little different. there is no value of the loan, the maximum loan amount and can make all the money you need to borrow that amount, for example when the limit of $ 50, 000 paid $ 10, 000 and a month later borrowed $ 20, 000 more. And so on until you reach the capital of credit loans maximum. RepaymentHome have a repayment plan must be addressed with some exceptions. Although there are periods of validity of the case and with exceptions, if you have a loan rate home equity is probably at least a rigid or a lump sum and a variable amount depending on the rate of credit just need variations. Home the amount of return you how. To open a credit line that you order and pay what you can not exceed the credit limit you want. In addition, unlike mortgages, lines of credit need not be renewed, because you can always get more credit loans. If your home equity to increase, thereby increasing the value of your home or at a reduced mortgage loan in particular, can ask the credit crunch.