A home equity credit line is also a type of home mortgage, but with much greater flexibility. It is also called a flex loan or home credit facility. The home equity credit line allows you to borrow up to 60 per cent of the market value of the home. This sum is the limit for your loan. You can access the home equity credit line yourself in the mobile and online bank, and when you’ve paid down the loan, you can borrow up to this limit again when you want. For example, if you’ve paid down a loan of NOK 1.2 million to NOK 1 million, you have NOK 200 000 that you can use for whatever you want – whether it’s refurbishment, a new car or something else entirely. Read more about home equity credit line