A HELOC (home equity line of credit) is considered a lien against the home, just like a primary mortgage and a home equity loan.  The value of the HELOC lien is the amount currently owed on the line of credit.  For example, if you have a HELOC with a loan limit of $30,000 and you currently have a borrowed balance of $20,000, the current lien value would be the balance owed plus any HELOC prepayment […]