Home equity line of credit

[Robert Juanes]

Want to start buying property and I have some equity in my current home. I want to know exactly how a home equity line of credit work. Does the credit get tacked on to the existing loan? I just owe more on my house? or is it a separate payment,do my payments go up on my existing mortgage ? If anyone knows how it all works please advise me in the subject. Any information is greatly appreciated.