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Glossary of Terms > H > Home Equity Line of Credit

Home Equity Line of Credit

A loan that allows the borrower to obtain cash drawn against the equity of his or her home, up to a predetermined amount - and at a predetermined rate of interest.

H Terms

Hazard Insurance

Home Equity

Home Equity Conversion Mortgage (HECM)

Home Equity Line of Credit

Home Equity Loan

Home Inspection

Homeowner's Insurance

Housing and Urban Development

Hybrid ARM


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