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 ?
The home-equity loan and HELOC market is growing, and even spilling over into the seniors market in greater numbers than ever before.
ACCORDING TO THE FEDERAL RESERVE Flow of Funds report in March of this year, outstanding home-equity loans amounted to more than $1 trillion in 2003.
E[acute accent]Regardless of what the money is used for, you can deduct all the interest on a home-equity loan of up to $100,000.
Home-equity loans, also called second mortgages, have emerged as a low-interest favorite.
Home-equity loans are traditionally repaid according to a fixed-payment schedule, but in more recent years they have also been offered as a line of credit, adding to their appeal as a flexible-financing option.
The home-equity loan market is becoming increasingly competitive," said Bill Templeton, president and chief executive officer of The Money Store.
By the time Merritt got to him, Henry, nearly blind and confined to a wheelchair because of arthritis, was facing foreclosure on two home-equity loans he had taken out when he purchased what he thought was $180 in carpeting.