equity credit line

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  • noun

Synonyms for equity credit line

a loan secured by equity value in the borrower's home

References in periodicals archive ?
Ninety-five percent of home equity credit line holders were somewhat or very satisfied with the account, a bit higher than for traditional home equity loan and installment credit users.
Families that have a home equity credit line typically have higher incomes and have built up substantially more equity in their homes than homeowners in general have, or those with a first mortgage only (table 2).
Whilst we do not intend to rely solely on the Equity Credit Line for short term funding requirements, it provides a degree of flexibility in our plans to open further centers.
Energas is under no obligation to request any drawdowns under the equity credit line.
If the available credit balance on the loan is greater than or equal to the payment due, borrowers can use one of their Equity Credit Line Checks to make the monthly payment.
The Bank also offers a variety of Consumer Loans such as Auto, RVs, Boat/Trailer, Home Equity Credit Lines (HECL), and more.
As a result of representing different parties in private placements, public offerings, and mergers and acquisitions, Gottbetter and Partners has developed a network of proven financial resources for clients that provide equity credit lines, PIPE's, bridge loans, reverse mergers, convertible instruments, fairness opinions, independent research, investor relations support and other advisory services.
Home equity credit lines or loans may be an effective credit management tool that can certainly help many homeowners who haven't yet considered them," Urbanchuk added.
While this is a significant increase in revenue and reduction in loses, it should be noted that a portion of that on-going loss is attributable to the expenses of operations that were consolidated in the Company's Charlotte, North Carolina location in the fourth quarter of 2003 and from the costs the Company has incurred to secure funds under its existing equity credit lines for funding working capital shortfalls during 2003.
Home improvements or debt consolidation account for about 80% of home equity credit lines," offered Fifth Third Vice President Nancy G.
Other consumer products include life insurance, Home Equity Credit Lines and internet based products.
HFC (rated 'AA-/F1+' by Fitch), through its subsidiaries, is a leading provider of consumer finance products, including home equity credit lines, closed-end real estate secured loans, revolving and closed-end unsecured personal loans, subprime automobile loans, private-label credit cards, MasterCard and Visa credit cards, and tax refund anticipation loans.
McGee added that, during a long period of below normal interest rates, consumers continued spending and financed their purchases with adjustable rate home equity credit lines.
3 million home equity credit lines totalling USD158bn are scheduled to reset between 2015 and 2018.
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.