home equity loan

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Related to home equity loan: 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)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Thus, your home guarantees the loan while the loan offers access to a substantial amount of money, with some risks because you must keep up to fixed monthly payments on the original mortgage and the home equity loan or second mortgage.
MSP is a comprehensive, end-to-end solution that supports all aspects of servicing -- from loan boarding to default -- for first mortgages, as well as home equity loans and lines of credit.
If you took out a $10,000 home equity loan to be repaid over five years at 5.25% interest and used it to pay off the $10,000 personal loan described above, the interest costs would come down to $1,391.
The Red Bank-based bank will offer a temporary suspension, for up to 90 days, for home equity loan and mortgage payments.
Home equity loan delinquencies rose 12 basis points to 2.43 percent of all accounts, but remain well below their 15-year average of 3.00 percent.
In home equity loans, 1 percent of Arkansans anticipated acquiring debt, while Missouri and Oklahoma were both at 0 percent.
Customers will also learn more about home equity loans when they shop online at MyReviewsNow.net and visit LendingTree.com.
In July 2011, they obtained a home equity loan of $100,000 on their home and used the proceeds to finance ongoing medical care expenditures for their special needs child.
Thus, it is not surprising that 25% of homeowners told Gallup they had a first mortgage and a home equity loan or line in an Experian/Gallup poll conducted late last year.
Plus, the interest rate on a home equity loan or line of credit is usually lower than what you'd expect to pay on a credit card.
For vacation home owners, using a home equity loan to finance property may offer the following advantages:

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