The Best Etrade Heloc Ideas. Web a home equity line of credit, or heloc, is a second mortgage that lets you convert some of your equity in your home back into debt in exchange for cash. Open your own e*trade online account here.

Web here's what to know. E*trade is a leading online broker for stock and options trading, mutual funds, retirement planning & more. Web a home equity line of credit, or heloc, is a second mortgage that lets you convert some of your equity in your home back into debt in exchange for cash.