home equity loan

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Related to home equity loan: Home Equity Line of Credit
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  • noun

Synonyms for home equity loan

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

References in periodicals archive ?
However, if the taxpayer took out a $250,000 home equity loan on the main home to purchase the vacation home, then the interest on the home equity loan would not be deductible.
If T uses a home equity loan instead to purchase the vacation home, the interest would be deductible as an itemized deduction rather than a rental expense (assuming T has no other home equity interest expense and he does not elect out of the home equity debt treatment).
McBride offers one caution: "You might replace such loans with a home equity loan or larger home mortgage, but if you refinance a mortgage to pay off other types of loans, keep the home mortgage to no more than 80% of the home's value.
Consumer finance companies invented the modern home equity loan in the late 1970s, and they held the loans in their portfolios.
This question is particularly significant because home equity loan rates are adjustable.
Even if you don't plan on traveling or if you never end up redeeming them for a ticket or upgrade, you can donate your unused miles earned on your home equity loan or line of credit to the charities with which the airlines have partnerships.
In one survey, 7 percent of all homeowners had a refinanced mortgage that involved the raising of additional funds; in another survey, about 11 percent of homeowners had a home equity loan of one type or the other.
The loan to value (LTV) ratio is the ratio of the amount of money you borrow through a home equity loan (or mortgage) to the value of your home.
Another option: an unsecured home equity loan, meaning you don't have.
1 The first of these, referred to here as a "traditional home equity loan," is a closed-end loan extended for a specified period of time and generally requiring repayment of interest and principal in equal monthly installments.
6% of the mortgage loans were included in the ContiMortgage Home Equity Loan Trust 1997-3, the ContiMortgage Home Equity Loan Trust 1998-2, or the ContiMortgage Home Equity Loan Trust 1998-3.
The eAppraisal tool helps consumers understand the value of a new home purchase or approximate the equity value of their existing home for a home equity loan.
Irwin Whole Loan Home Equity Loan Trust, series 2005-A
Secured Funding is now able to automate its entire home equity loan process from origination to closing, enabling the lender to offer brokers and borrowers a complete electronic mortgage.
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