A bank equity home loan is a type of loan in which there is an agreement between the lender and the borrower to lend a ceiling amount within the stipulated period of time. In this case, the security is often the borrower’s equity for any residential property. A bank equity home loan can be regarded as the monetary value of a real estate property. This value can now be used to get loans or mortgages. The home equity loan is secured loan since the home of the borrower is the collateral. Thus, the amount of loan depends on the value of your home. The borrower can only get that amount that is equal to his equity mount.