Different Banks call it different things but a Heloc or Homeline is a secured Line of Credit against your house. Basically the same as a personal line of credit but with higher limit possibilities and better rates because the money is secure and the banks charge less for that. You can apply for this product when you refinance or buy your home. In most cases as you pay down your mortgage balance the Secured Line of Credit limit will increase as a result. Eventually you will pay your mortgage out and you will have all that money at your fingertips if you ever need it for investments, emergency, or otherwise. Please contact me to discuss your options. Abraham Niyazi - Mortgage Agent - Easyrate.ca - 1-866-RATE-708 x 115.