General Credit & Loan Information : How Do Home Equity Lines of Credit Work?

517 views · Published 30 October 2008 · 1:13 · Indexed 20 September 2026

Channel: ehow · 2008 · Howto & Style

Watch on YouTube

Home Equity Lines of Credit (HELOC) involve a bank loan which becomes the second loan behind a first mortgage, with a payment rate determined by the loan amount, not the entire line of credit. Learn how borrowers pay off a Home Equity Line of Credit, in which the monthly rate increases with the loan amount, with information from a licensed mortgage broker in this free video on personal finance.

Expert: Adriel Torres 
Contact: ultimatecredittoday.com
Bio: Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker.
Filmmaker: Christopher Rokosz

More from this channel

• 1:36 Estate Planning : What Is a Missing Heir?

  ehow

  485 views · 28 August 2008

• 1:11 Estate Planning : How Many Months Do You Have to File an Estate Tax Return?

  ehow

  559 views · 28 August 2008

• 1:21 Estate Planning : When Should I Begin Planning My Estate?

  ehow

  378 views · 28 August 2008

• 1:09 Estate Planning : What Is Estate Planning?

  ehow

  840 views · 28 August 2008

• 0:53 Estate Planning : What Is a Family Estate Trust?

  ehow

  775 views · 28 August 2008

• 1:49 Estate Planning : Do Some Heirs Have More Rights Than Others?

  ehow

  935 views · 28 August 2008

• 1:15 Estate Planning : Heirs' Rights in Absence of a Will

  ehow

  858 views · 28 August 2008

• 1:23 Estate Planning : What Does it Mean if a Bank Account Says ROS?

  ehow

  728 views · 28 August 2008