Home equity line of credit

Home equity line of credit

A type of mortgage loan that allows the borrower to draw cash against the equity in his home.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

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Related terms

home equity line of credit

Real estate; General

A mortgage loan, which is usually in a subordinate position, that allows the borrower to obtain multiple advances of the loan proceeds at his or her own discretion, up to an ...

home equity line of credit

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A type of mortgage loan that allows the borrower to draw cash against the equity in his home.

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