Home equity represents one of the largest sources of net worth for most investors. Home equity can be borrowed against through a home equity loan or home equity line of credit (HELOC).
Investment dictionary. Academic. 2012.
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Home equity — is the value of a homeowner s unencumbered interest in their property, i.e. the difference between the home s fair market value and the unpaid balance of the mortgage and any outstanding debt over the home. Equity increases as the mortgage is… … Wikipedia
home equity — The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount. Category: Real Estate & Rental Property → Homeowners Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill.… … Law dictionary
home equity — UK US noun [U] ► FINANCE, PROPERTY the amount of money that someone would receive if they sold their house, after paying what remains of the mortgage: »Do you purchase a loan in the UK? In the US, you take out a loan … Financial and business terms
home-equity — adj. Home equity is used with these nouns: ↑loan … Collocations dictionary
home equity — noun The monetary value of a home less the value of any encumbrances, such as liens or mortgages … Wiktionary
Home Equity Protection — generally comes in the form of a contract that pays the buyer of protection if a particular home price index declines in value. The buyer of protection is typically a homeowner that wishes to protect the value of their home [cite web… … Wikipedia
home equity loan — ➔ loan1 * * * home equity loan UK US noun [C] FINANCE, PROPERTY ► a loan that uses your home equity as a guarantee that the money you borrow will be paid back: »We purchased a fixed rate home equity loan with a regular payback period … Financial and business terms
home equity loan — see loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. home equity loan n … Law dictionary
home equity line — n: home equity loan at loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
home equity line of credit — home equity line of credit: home equity loan at loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary