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 · What does collection/charge off mean on a Home Equity line of credit House was sold after foreclosed on for more than what we owed on it. Mortgage and line of credit.

A home-equity loan, also known as an "equity loan," a home-equity installment loan or a second mortgage, is a type of consumer debt.It allows homeowners to borrow against their equity in the.

A home equity line of credit, also known as a HELOC, is a financial product that permits a homeowner to borrow against the equity in his or her homes. Deeper definition.

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Should I Get a Home Equity Loan or a Cash-Out Refinance to Buy a New Property? [#AskBP 078] Equity | Definition of Equity by Merriam-Webster – Equity holders enjoy voting rights and other privileges that only come with ownership, because equity represents a claim on a proportionate share of a company’s assets and earnings. These claims are generally subordinate to lenders ‘ claims, but only equity holders can truly participate in and benefit from growth in the value of the enterprise.

Home equity | Definition of Home equity at Dictionary.com – Perhaps because many of the usages of equity involved legal disputes over rights and claims of ownership, by the turn of the 20th century, the word started being used in another sector: finance. It was at this point that terms such as "home equity" and "equity loan" became common finance terms.