home equity loan

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Related to Home equity loans: 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 ?
22, suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of credit, unless they are used to buy, build or substantially improve the taxpayers home that secures the loan.
According to the ratings agency, monthly payments made by borrowers are set to rise in about two years because of the abundance of home equity loans made before the financial crisis and the terms generally associated with them.
Price added that lower documentation requirements for home equity loans and a more difficult process to refinance mortgages had combined to help make home equity loans more popular than mortgage refinancing.
Synopsis: Home equity borrowing has grown rapidly during recent years, with one in four homeowners reporting they have both a first mortgage and a home equity loan or line in a new Experian/Gallup poll.
Home equity loans become the lowest cost source of funds to finance all those expenses.
Compare that record to a Consumer Bankers Association study that found that, among big banks making home equity loans nationally, just one in 75 mortgages went into default (with only a small portion resulting in foreclosure).
If this interpretation is adopted, after due process, it would essentially prohibit all loans while sparing members the financial hardship of renegotiating mortgage of home equity loans made before the interpretation's effective date," Kelley said.
Comparative information on the use of home equity loans comes from a consumer survey conducted in 1988.
To measure accurately total consumer indebtedness, home equity loans must now be examined along with other forms of consumer installment debt.
Most fees on home equity loans and lines of credit are unavoidable, but it is still important to know about them, so you are not surprised when you are charged with them.
Growing equity in homes, aggressive promotions by financial institutions, and a revised tax code, which retains the deduction for interest on real-estate-secured debt but not on other consumer borrowing, all appear to have contributed to the increasing use of home equity loans.
com seeking first mortgages, home equity loans and home equity lines of credit.
E[acute accent]CCG, headquartered in San Francisco, CA, is a leading originator and servicer of home equity loans and lines of credit.
BALTIMORE -- Bradford Bank, a Maryland community bank since 1903, is one of two banks named in the September issue of Money magazine for offering some of the best loan rates and terms for home equity loans.
The mortgage loans consists of adjustable-rate home equity lines of credit and fixed-rate, closed-end home equity loans with combined loan-to-value (CLTV) ratios up to 125%, and adjustable-rate first lien mortgage loans with initial interest-only periods, secured by first, second or more junior mortgages or deeds of trust on residential properties.
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