home equity credit

Also found in: Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.home equity credit - a loan secured by equity value in the borrower's home
equity credit line, home equity loan, home loan
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive
Later, when applying for the $500,000 home equity credit line used to finance the Daniels payment, the papers say, Cohen failed to disclose $14 million in medallion-related debt.
Michael Cohen sets up GoFundMe page for legal costs
It is believed that about 3.3 million home equity credit lines totalling USD158bn are scheduled to reset between 2015 and 2018.
Many US home loans reach reset point
Ditto for a term extension on their home equity credit line from Bank of America, which also solicited their application.
What if you happen to get caught up in re-fi quicksand?
For example, only about a third of people questioned said that they understood "very well" such things as the overall qualification process; fees and charges; the role of private mortgage insurance; and the option of home equity credit.
Lesson from the recession: spend time on mortgage education
Nonetheless, the model clearly reveals the strong connection between home prices and home equity credit since the late 1990s.
The effect of falling home prices on small business borrowing
Beginning in Spring 2008, Bank of America, Citibank, JP Morgan Chase, Morgan Stanley and the now-defunct Countrywide and Washington Mutual cancelled or reduced home equity credit lines in various parts of the country, including in Oregon.
CREDIT CRUNCHED
Spending overall from consumers may slow down for a number of reasons, including increased energy prices and an exhaustion of home equity credit lines that have been spent to the maximum by many consumers.
Heating things up: the C&D World Show touched on everything from processing mixed C&D to the cleanup efforts following hurricane Katrina
Mary & Carlton Warner THE ADVICE THE FOLLOW-THROUGH: Reduce debt payments Use home equity credit The Warners used line to pay their credit line to off $13,000 car loan.
Reaching for financial success: our 2002 financial fitness contest winners are achieving their goals with sound advice and a little moxie
Q: What do you think about using a home equity credit line?
College savings--the name game. (Money)
* Reduced mortgage and home equity credit availability
Uncertainty in Georgia's mortgage market
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