TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

home equity loan [1 record]

Record 1 2012-10-23

English

Subject field(s)
  • Loans
  • Real Estate
DEF

A loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt incurred in the purchase.

OBS

home equity loan: this term is sometimes also used to designate a line of credit secured by the equity the borrower has in a home.

French

Domaine(s)
  • Prêts et emprunts
  • Immobilier
CONT

Deux des meilleures options pour emprunter des sommes importantes sont le prêt sur la valeur domiciliaire ou la marge de crédit domiciliaire. La valeur nette de la maison correspond à la différence entre la valeur de votre maison et le solde de votre prêt hypothécaire. La marge de crédit domiciliaire a l’avantage de vous permettre de ne payer que l’intérêt sur votre emprunt. Cette option convient donc mieux pour les projets qui s’étendent sur plusieurs mois.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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