A first-lien HELOC is a home equity line of credit that holds the primary lien position on a property, meaning it takes precedence over any other liens or mortgages in the event of foreclosure. If ...

In real estate, first-lien loans (primary mortgages) let you finance a home purchase, while second-lien loans (home equity loans or HELOCs) let you tap your home’s value for cash. The holder of the ...