home equity loan Definition

home equity loan

Definition

A loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt incurred in the purchase.

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home equity loan is ...
... part of the Lending & Credit and Real Estate subjects.

Related Terms

equity - More

home equity - More

home equity loan appears in the definitions of these other terms on BusinessDictionary.com

home equity debt, equity loan

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