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[CA] HELOC for Down Payment? - First Time Home Buyer

We're in the process (in escrow) of buying our first home and are working with, from our experience so far, a great lender. Given this is all completely new to us, there's a lot of confusing bits. Particularly this, which I'd love thoughts/advice on.

We have been planning for a 20% down payment in cash. We locked rates this week. Our lender mentioned that if we wanted to, we could put 10% down in cash and then said "you have room for a 10% HELOC". I honestly have no idea what this means for us, and am inclined to just carry on with doing our planned 20% cash down payment. I understand it would be an additional separate loan, and perhaps that's why I'm also inclined to say that this process is stressful enough without going into even more confusing territory. I just want to make sure I'm not missing something beneficial because I don't understand it.

For additional context, we live in a HCOL area and are fairly focused on keeping our monthly payments within our target budget that we've set for ourselves.

submitted by /u/mrjeepguy
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source https://www.reddit.com/r/RealEstate/comments/11e5kgr/ca_heloc_for_down_payment_first_time_home_buyer/
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