home equity line


home equity line
home equity line n: home equity loan at loan

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • home equity line of credit — home equity line of credit: home equity loan at loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Home Equity Line Of Credit - HELOC — A line of credit extended to a homeowner that uses the borrower s home as collateral. Once a maximum loan balance is established, the homeowner may draw on the line of credit at his or her discretion. Interest is charged on a predetermined… …   Investment dictionary

  • Home equity loan — A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home… …   Wikipedia

  • Home Equity — The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built up over time as the property owner pays off the mortgage and the market value of …   Investment dictionary

  • Home Equity Protection — generally comes in the form of a contract that pays the buyer of protection if a particular home price index declines in value. The buyer of protection is typically a homeowner that wishes to protect the value of their home [cite web… …   Wikipedia

  • Home-Equity Loan — A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. The loan is based on the difference between the homeowner s equity and the home s current market value. The mortgage also provides… …   Investment dictionary

  • home equity credit — noun a loan secured by equity value in the borrower s home • Syn: ↑home loan, ↑home equity loan, ↑equity credit line • Hypernyms: ↑consumer credit, ↑loan …   Useful english dictionary

  • home equity loan — noun a loan secured by equity value in the borrower s home • Syn: ↑home loan, ↑home equity credit, ↑equity credit line • Hypernyms: ↑consumer credit, ↑loan …   Useful english dictionary

  • Line of credit — Finance Financial markets Bond market …   Wikipedia

  • home loan — noun a loan secured by equity value in the borrower s home • Syn: ↑home equity credit, ↑home equity loan, ↑equity credit line • Hypernyms: ↑consumer credit, ↑loan * * * home loan noun A mortgage …   Useful english dictionary


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