A Home Equity Loan is a type of loan that enables homeowners to borrow money from the equity in their home. It is also known as a second mortgage, as it acts as a secondary mortgage on top of any existing mortgages that the homeowner may have. Home Equity Loans provide access to capital for a variety of purposes such as debt consolidation, home improvements, education expenses, or paying for large purchases. As the loan is secured against your home, lenders typically offer more competitive interest rates than other personal loans. With the help of a Home Equity Loan, you can make your financial dreams much easier to achieve!