home equity credit

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  • noun

Synonyms for home equity credit

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

References in periodicals archive ?
Nine homeowners from California, Illinois and Texas are challenging JP Morgan Chase on issues surrounding the cancellation of their home equity credit lines.
Transfer credit card bills: If you have access to a home equity credit line, use that to pay off your credit card debts.
Interest paid on home equity debt (for example, a second mortgage or home equity credit line) incurred after October 13, 1987, and secured by a qualified residence is deductible as long as the home equity debt does not exceed the lesser of $100,000 and the taxpayer's equity in the home (the home's fair market value less the acquisition debt).
That appears to be the strategy for growing numbers of owners across the country who have begun taking out home equity credit lines at an accelerating pace.
Providers should begin to ramp up their home equity credit marketing efforts focusing on the more popular purposes for which this product can be used," notes William H.
Global Banking News-20 April 2010-BoFA says it has cut off home equity credit lines of Countrywide customers(C)2010 ENPublishing - http://www.
Plaintiff alleges breach of home equity credit line agreement.
Financial Snapshot: Mary & Carlton Warner HOUSEHOLD INCOME Carlton (full-time) $40,000 Mary (part-time) 12,500 Total $52,500 ASSETS Market Value of Home $74,000 403(b) 40,000 Thrift Savings 12,000 Mutual Fund 10,000 Roth IRA 7,900 401(k) 4,000 Credit Union 2,000 Savings 1,500 Checking 400 Total $151,800 LIABILITIES Home Equity Credit Line $50,000 Car Loan 13,000 Credit cards 4,300 Child's Tuition 5,000 Marlow Stores 1,400 Victoria Secret 400 Total $74,100 Net Worth $77,700
Section 311 of the draft bill would allow a member bank to extend credit to the bank's executive officers (1) in the form of a home equity credit line of up to $100,000, so long as the credit line is secured by the officer's primary residence, and (2) in an unlimited amount, so long as the loan is overcollateralized by readily marketable assets.
Existing and new customers can apply for emergency small business loans up to $25,000, or for low-interest auto, reduced unsecured five-year loans, or special home equity credit line rates.
If you're applying for a second mortgage or second-lien home equity credit line, the bank will not have to provide you appraisal materials, although you are still free to ask.
Generation Mortgage's new "nu62(SM)" App graphically plots the correlation of home equity amount to personal consumption to home equity credit line growth over any period of time in a person's life after age 62.
Instead of stating it completely, such as "Get home equity credit at prime," consider that it may be better to state less.
In view of the growing importance of home equity credit in household finances, the Federal Reserve has for a number of years closely followed developments in the home equity lending market.
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