home equity loan

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Related to Home equity loans: Home Equity Line of Credit
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.home equity loan - 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)
References in periodicals archive ?
The Internal Revenue Service today advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans.
According to Moody's Investor Services, banks could face losses from home equity loans.
is finding that its members have both demand and ability to take out home equity loans and lines of credit.
PRINCETON, NJ -- The dollar amount of home equity loans and lines increased at a 14.
An expert loan consultant, Pete Hitesman has personally originated more than a thousand home equity loans and credit lines.
A large-loan strategy would seem at odds with any plan to produce home equity loans, which often are loans that are one-fifth to one-third the size of a first mortgage.
According to surveys by the Consumer Bankers Association, between 1990 and 1991, the proportion of big banks buying home equity loans on the secondary market jumped from 12.
The committee agreed to permit existing fully secured mortgage loans and fully secured home equity loans on a member's primary residence to remain in effect.
In an earlier, we discussed the prevalence and use of home equity loans as another means of converting home equity to liquid form.
Although consumer debt is at an all-time end, it will not necessarily act as restriction on future economic growth; factors such as demographics, convenience use of credit cards, deregulation of the financial services industry, and a new avenue of consumer credit - home equity loans - must be considered.
It is important that you understand the differences between the two types of home equity loans so you will know which one is better for your situation.
Home equity loans require immediate monthly payments to the lender.

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