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home equity line of credit


Definition
A method of borrowing in which a homeowner may borrow against home equity as needed using a checkbook or credit card. It differs from a standard loan in that the borrowing may be done over a period of time, preventing excess borrowing and limiting interest costs.

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equity -  More

home equity loan -  More

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home equity line of credit is ...

... part of the Lending & Credit and Real Estate subjects.

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