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Home equity loan - Wikipedia, the free encyclopedia
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. These loans are useful to finance major expenses such as home ... http://en.wikipedia.org/wiki/Home_equit... |
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Home equity: Definition from Answers.com
The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built ... http://www.answers.com/topic/home-equity |
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What is home equity? definition and meaning
Definition of home equity: The current market value of a home minus the outstanding mortgage balance. Home equity is essentially the amount of ownership that has been ... http://www.investorwords.com/5605/home_... |
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