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Home > Industry/Domain > Financial services > Home equity
Home equity
Industry: Financial services
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Home equity
Loan-to-value (LTV) ratio
Financial services; Home equity
The amount of the new loan or line of credit added to the balance of any existing liens and then divided by the market value of the home.
Equity
Financial services; Home equity
The difference between the appraised value of your home and the outstanding mortgage balance(s).
Appraised value
Financial services; Home equity
The value of your home based on current market conditions.
Amortisation
Financial services; Home equity
A series of payments over a specific period of time calculated to fully pay the loan amount plus interest by the end of the life of the loan.
Prime rate
Financial services; Home equity
The lowest rate of interest at which money may be borrowed commercially.
Bankruptcy
Financial services; Home equity
State of being bankrupt, that is, one that cannot repay the debts owed to creditors.
Usable area
Financial services; Home equity
The occupiable part of an office or a building floor; generally measured from paint to paint inside the permanent walls and to the middle of partitions separating one tenant's space from that of ...