TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 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.  3, record 1, English, - home%20equity%20loan

Record number: 1, Textual support number: 1 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.  4, record 1, English, - home%20equity%20loan

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 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.  1, record 1, French, - pr%C3%AAt%20sur%20valeur%20domiciliaire

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

Depository financial institution whose primary function is promoting personal savings(thrift) and home ownership through mortgage lending. Thrift institutions hold most of their assets in mortgages and collect most of their deposits from consumers. Savings and Loan Associations, Savings Banks, and Credit Unions are all considered thrift institutions. Thrift institutions, at one time restricted to mortgage lending, have gained parity with commercial banks over the last 20 years and many thrifts offer the same range of nonmortgage credit services-credit cards, auto loans, home equity loans, and business loans-available from commercial banks.  2, record 2, English, - thrift%20institution

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

Le terme générique «thrift institution» (institution d'épargne) est une réalité du système financier américain qui englobe les Credits Unions, les Savings Banks et les Savings and Loan Associations.  2, record 2, French, - institution%20d%27%C3%A9pargne

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 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.  4, record 3, English, - home%20equity%20line%20of%20credit

Record number: 3, Textual support number: 2 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.  5, record 3, English, - home%20equity%20line%20of%20credit

Record number: 3, Textual support number: 3 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.  6, record 3, English, - home%20equity%20line%20of%20credit

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Marge de crédit dont le remboursement est garanti par une hypothèque.  5, record 3, French, - marge%20de%20cr%C3%A9dit%20hypoth%C3%A9caire

Record number: 3, Textual support number: 1 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 [...]  6, record 3, French, - marge%20de%20cr%C3%A9dit%20hypoth%C3%A9caire

Record number: 3, Textual support number: 1 OBS

La Société canadienne d'hypothèques et de logement rend «home equity concession» par «transformation de l'avoir foncier».  4, record 3, French, - marge%20de%20cr%C3%A9dit%20hypoth%C3%A9caire

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

Borrowing against home equity, or home equity withdrawal, means turning home equity into financial capital by taking out a loan secured by the home without selling it.  1, record 4, English, - home%20equity%20withdrawal

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 CONT

L'emprunt garanti par l'avoir propre foncier, ou le dégagement de l'avoir propre foncier, signifie transformer l'avoir propre foncier en capital en contractant un emprunt garanti par la maison sans vendre celle-ci.  1, record 4, French, - d%C3%A9gagement%20de%20l%27avoir%20propre%20foncier

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

A piggyback mortgage loan is a second loan that closes at the same time as the first mortgage loan. Typically the first mortgage loan is only 80 percent of the home value. ... A piggyback loan is usually for 10 percent of the remaining balance, after that the purchaser has to come up with the rest as a down payment.  5, record 5, English, - piggyback%20mortgage%20loan

Record number: 5, Textual support number: 2 CONT

Homeowners who don’t have 20 percent for a down payment and don’t want to pay PMI can opt for a piggyback loan, which is essentially a home equity loan that funds a portion of the down payment.  6, record 5, English, - piggyback%20mortgage%20loan

Record number: 5, Textual support number: 3 CONT

The disadvantage of a piggyback loan is that it could take as long as 10 years to pay off your second loan.  6, record 5, English, - piggyback%20mortgage%20loan

Record number: 5, Textual support number: 1 OBS

Piggyback mortgages are also called 80-10-10 loans  5, record 5, English, - piggyback%20mortgage%20loan

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

Les prêts gigognes occupent également une part du marché importante aux États-Unis, surtout parce qu'ils sont exempts de primes d'assurance hypothécaire.  1, record 5, French, - pr%C3%AAt%20gigogne

Record number: 5, Textual support number: 1 OBS

D'après les recherches effectuées, il s'agit de deux prêts hypothécaires qui se composent ainsi : l'un représente 80% de la valeur de la maison, l'autre 10 % auquel s'ajoute un apport de 10%. Ce type de prêt est souvent appelé «prêt 80-10-10» ou «prêt 80-15-5». L'emprunteur, par conséquent évite ainsi de payer l'assurance hypothécaire privée (PMI).  2, record 5, French, - pr%C3%AAt%20gigogne

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 OBS

Home equity conversion is commonly understood to be the generation of cash by borrowing against home equity from a lender. The home is mortgaged by the borrower to provide an interest to the lender. The borrower retains occupancy rights until the loan has to be repaid because the cash is generated from home equity through a mortgage loan, rather than through the sale of the home.  1, record 6, English, - home%20equity%20conversion

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 OBS

On entend généralement par transformation de l'avoir propre foncier l'obtention de liquidités par emprunt sur l'avoir propre foncier chez un prêteur. L'emprunteur souscrit une hypothèque sur son logement et verse un intérêt au prêteur. L'emprunteur conserve les droits d'occupation jusqu'à ce que le prêt doive être remboursé, car les liquidités proviennent de l'avoir propre foncier par l'intermédiaire d'un prêt hypothécaire, plutôt que par la vente du logement.  1, record 6, French, - transformation%20d%27avoir%20propre

Record 6,  Textual support,  Spanish