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home equity credit

   Also found in: Wikipedia 0.03 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.home equity credit - a loan secured by equity value in the borrower's home
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)


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? Mentioned in ? References in periodicals archive
 
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.
On home equity credit lines: Most of these loans are tied to the bank prime rate.
In view of the growing importance of home equity credit in household finances, the Federal Reserve has for a number of years closely followed developments in the home equity lending market.
 
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