Home equity line of credit (HELOC) is a financing option that allows homeowners to access funds using their home as collateral. However, there are other synonyms for HELOC that can describe this type of loan. Some of these include home equity loan, second mortgage, equity line, and revolving line of credit. Each term describes the type of loan differently but they all use the equity built up in a home to provide access to cash. Whether you are looking for a loan to renovate your home or consolidate debt, a HELOC or one of its synonyms can help you achieve your goals.