This form of assistance can be offered by mortgage brokerages, or traditional lending institutions such as banks or credit unions. There are mortgage brokerages that specialize in equity home loans. These brokerages may offer lower rates or more options in terms of length or type of equity home loan. The most common types are lines of credit. Basically, this is an advance, with disbursements controlled by the borrower as they need them. The interest is usually paid monthly, with the balance being paid after a deferment period.