One of the best home equity line of credit options is to take out a second mortgage on your home. This can be secured against the equity in your property and can be accessed quickly and easily, if you are able to get a good rate. The equity in your home is increased when you make mortgage repayments on it. A mortgage is secured against the property and will increase the equity of your property unless you have already damaged it with ongoing payments.Another option for your credit lines is to transfer your lines of credit. If you have a credit card with an interest rate lower than your existing card, you can transfer the balance to your new credit card. Most credit cards offer special introductory rates at the time of transferring balances, but you will usually end up paying the same interest rate or even higher, once the introductory period is over. Be careful that you don’t transfer your debt to an interest free credit card once your introductory period is over. Once the introductory period is over, your interest rate on your new card will start to increase.Home equity lines of credit can be a great way of building up additional credit. If you have a lot of stuff that needs to be bought but you are short of cash, then this is a great option to take advantage of. You can build up equity quickly, and you will only have to make one repayment on your credit line each month. If you pay off the balance in full each month then you will build up a very large amount of credit, which you can then use to pay off all your other debts.If you are concerned that applying for a home equity loan may affect your credit score then you should apply for a secured credit line of your own. This can be done easily by borrowing against your home equity and will not affect your credit score. The best way to find out whether you are a suitable candidate for secured credit lines of your own is to get hold of a free credit report.However, if you already have a credit line open then it may be more sensible to close it so that you can eliminate debt. Of course this is not an easy task as closing any existing credit line will mean a fee being charged. In addition to this there could be a time lag between when your current balance finishes paying off and when you are able to start taking out another equity line of your own. This means that you could be stuck paying extra interest on your credit cards for some time. Therefore if you really need to take out another equity line of your own then you should be sure to close your existing credit lines as soon as possible.The best home equity line of credit should offer competitive rates of interest. You want to choose a credit line that offers you the security of a low rate of interest. It is essential that you compare a variety of different loan products before making your decision as you could end up paying hundreds, or even thousands, of dollars more over the term of your loan.If you do need to take out a second mortgage to fund your home equity, then bear in mind that there are strict criteria for qualifying for such a loan. The first requirement is that you must own a property in which to use the second mortgage. There must also be a substantial income from other sources.The best credit lines for self-employed people are those that provide you with an adequate amount of credit limits and attractive repayment options. The terms of repayment and any interest charges that may be involved must be suitable to your circumstances. The terms and conditions of credit cards differ greatly from one provider to another. Shop around for the best deal to suit your needs and circumstances.