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What is the difference between a Home Equity Loan and a Home Equity Line of Credit (HELOC)?

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-a-home-equity-loan-and-a-home-equity-line-of-credit-heloc-en-247/

...home equity loan is a specific amount of money borrowed against the equity of...of your home. A Home Equity Line of Credit (HELOC) is a line of credit, like a...Home Equity Loan and a Home Equity Line of Credit (HELOC)? A home equity loan...borrowed against the equity of your home. A Home Equity Line of Credit (HELOC)

Archived
What you need to know if you are thinking about using home equity to cover expenses during the coronavirus pandemic

https://www.consumerfinance.gov/archive/blog/using-home-equity-for-emergency-expenses-coronavirus-pandemic/

Your home equity can provide access to needed funds during the coronavirus pandemic...before refinancing or getting a home equity loan, look at all of your options to...you are thinking about using home equity to cover expenses during the coronavirus...more quickly close on some mortgage loans. The rule clarifies: Waived waiting

What are my responsibilities as a reverse mortgage loan borrower?

https://www.consumerfinance.gov/ask-cfpb/what-are-my-responsibilities-as-a-reverse-mortgage-loan-borrower-en-235/

...you must fulfill if you have a Home Equity Conversion Mortgage (HECM), the most...most common type of reverse mortgage loan. If you don’t meet these requirements...responsibilities as a reverse mortgage loan borrower? There are three main requirements...you must fulfill if you have a Home Equity Conversion Mortgage (HECM), the most

Sutherland Global Services, Inc., Sutherland Mortgage Services, Inc., and Sutherland Government Solutions, Inc.

https://www.consumerfinance.gov/enforcement/actions/sutherland-global-services-inc/

Sutherland ran a loan-servicing operation that serviced home equity conversion mortgages...mortgages, or reverse mortgage loans, on behalf of the Department of Housing...Sutherland ran a loan-servicing operation that serviced home equity conversion mortgages...mortgages, or reverse mortgage loans, on behalf of the Department of Housing