Before we start discussing differences between the Home Equity Line of Credit and Home Equity Loan let us get some idea about it. Home equity loan and home equity line of credit are two financial instruments that can be taken against your existing home equity. They are usually taken to improve your financial position. But …

We all know about the Home Loan. Don’t we? Reverse Mortgage is exactly the opposite of Home Loan. In a home loan, first, you take a large sum of money from the bank at the beginning of the home loan tenure to buy a house. At that point in time, the bank fully owns your …