Residence Equity Loans and HELOCs – Getting a whole lot What now ? in the event that you don’t have the cash in your bank account? A house equity loan is simply a 2nd loan (after your home loan) which you sign up for in your household. But in which the loan that is first mortgage) goes toward the purchase of your property, the next loan (the house equity loan) is really a swelling of money the lender provides you…