hey team, just after a little bit of advice, just thought id ask on here as im sure other have been in a similar boat. Im looking at getting a new car plus need to pay off a few small things. Now ive built up a bit of equity in my house over the last year and a half, (my house is worth probably 140-150k or so more then what i owe on my loan)

So was looking into getting a line of credit (or some banks call it a home equity loan) or either adding more funds onto my existing loan. Now im a little confused as to which way i should go, probably looking at borrowing another $30k, which path did you go down if you have done this? or which path is the better option? i know the fees are higher to setup the home equity loan, but you dont pay any interest until you actually borrow some of the money from the loan. Im with commonwealth bank if this helps. Searching the net so far hasnt really helped, any advice will be greatly appreciated.