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 ?
Unsure whether a cash out refinance loan vs a home equity loan is a better choice for you?
About one in five (21%) homeowners report having a fixed- or variable-rate home equity loan that they are currently paying off.
This division of the market is similar to that for traditional home equity loans.
Home equity loans are popular for a number of reasons.
The interest on this amount is not tax-deductible, as the interest on home equity loans and lines of credit usually is.
Traditional home equity loans are sometimes called second mortgages, although legally they may involve a first lien.
Their newest featured article titled "Cash Out Refinance vs Home Equity Loan (Key Differences)" addresses the benefits associated with both a cash out refinance loan and a home equity loan and catering to the needs of loan borrowers with cash out refinance advice.
On the other hand, the main advantage of a home equity loan also happens to be the biggest disadvantage of a cash out refinance loan: home equity loans have no closing costs, and as a result can end up saving more money than a cash out refinance loan.
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 two most common home equity products used by homeowners today include Home Equity Lines of Credit (HELOC) and 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.
Most Homeowners Consider Home Equity Loans and Lines of Credit 'Smart Debt'
Expanding access to home equity loans will open doors and improve the lives of our customers," said Dick Ensweiler, president of the Texas Credit Union League.
Loan growth in the consumer sector (defined as 1-4 family residential mortgages, home equity loans, and loans to individuals--including credit card loans) was relatively benign in the fourth quarter of 2005 at 1.
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