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HOME EQUITY LINE CREDIT [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

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

Save record 1

Record 2 2010-06-23

English

Subject field(s)
  • Banking
  • Real Estate
  • Loans
  • Financial Institutions
CONT

A Home Equity Line of Credit(often called HELOC, pronounced HEE-lock) is a loan in which the lender agrees to lend a maximum amount within an agreed period(called a term), where the collateral is the borrower's equity in his/her house. A HELOC differs from a conventional home equity loan in that the borrower is not advanced the entire sum up front, but uses the line of credit to borrow sums that total no more than the amount, similar to a credit card.

CONT

A Home Equity Line of Credit is simply a revolving Line of Credit that allows you to use the equity in your home to borrow money.

CONT

Both a home equity line of credit(home equity credit line) and a home equity loan are secured by the equity in your home.

French

Domaine(s)
  • Banque
  • Immobilier
  • Prêts et emprunts
  • Institutions financières
DEF

Marge de crédit dont le remboursement est garanti par une hypothèque.

CONT

Les emprunteurs bénéficient de nouveaux canaux de financement peu coûteux, pour liquider des actifs réels et accéder à l'épargne disponible, au travers par exemple des lignes de crédit gagées sur des biens immobiliers [...]

OBS

La Société canadienne d'hypothèques et de logement rend «home equity concession» par «transformation de l'avoir foncier».

Key term(s)
  • ligne de crédit gagée sur l'avoir propre foncier

Spanish

Save record 2

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