Home equity your home's value minus what you still owe against it; the ceiling on how much a HELOC can ever lend you. Where it's taught HELOC: Borrowing Against Your Home Try it with a calculator Heloc Calculator Appears in 2 other lessons Net Worth & the Order of Operations: Where Every Dollar Goes FirstRent vs Buy: It's a Break-Even, Not a Battle Related terms Combined loan-to-value (CLTV)Draw periodHELOC (home equity line of credit)Repayment period