Using a credit line to borrow against the equity in your house has become a very popular source of consumer credit and lenders are able to offer home equity credit lines in a variety of ways.
You will find that most home equity loans come with variable interest rates, with some offering attractive low introductory rates, and some having fixed rates. You will also find that most home equity loans have relatively large one-time upfront "arrangement" fees, others have closing costs, and some have ongoing costs, such as annual fees. You will find some home equity line of credit loans have large balloon payments at the end of the loan, and others with no end of term balloons but instead they have higher monthly payments.
Each loan is different for each home owner. The way forward to ensure you get the loan you want is to contact different lenders, compare options, and select the home equity credit line that is best tailored to your needs.