{"specialty":{"slug":"heloc","category":"loan_program","label":"HELOC","description":"A home equity line of credit secured by the borrower's home, usually behind a first mortgage.","synonyms":["heloc","home equity line","home equity line of credit","second mortgage","home equity loan","piggyback"],"why_hard":"Combined loan-to-value limits, rate structures and draw periods vary by lender, and many only offer them to existing customers.","questions_to_ask":["What combined loan-to-value do you allow?","Is the rate variable, and are there fixed-rate draw options?","Are there annual fees or early closure fees?"],"canonical_url":"https://lendb.ai/s/heloc","api_url":"https://lendb.ai/api/v1/specialties/heloc"}}