Certainty of a fixed rate - You are able to lock in a fixed rate on a home equity loan for the period of time you want. It will not change at any time like the HELOCs change with Prime. Rates are usually higher than the HELOC simply because it is a fixed rate loan.
Specific amount borrowed and paid off - You choose the amount you need and take the entire sum at closing. So the interest you pay back is set at the beginning. You will not have interest accruing over time on the open balance.
Typically only a principal and interest payment is allowed on a home equity loan. Again these products are structured to be paid off at a certain time.
Credit worthiness - if you have below average credit then a home equity loan is more practical. Lenders will allow the lower credit with these products because the loan amount and rate are fixed at the beginning of the product providing the lender more certainty.
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Advantages of a Home Equity Loan?