Home Equity Line of Credit

in Glossary

This is a process of borrowing where a homeowner may borrow against home equity as needed using a checkbook or credit card. This is different from a standard loan because the borrowing may be done over a period of time.


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Related ChexSystems Banking Information:

  1. Home Equity Loan
  2. Loan Origination
  3. Merged Credit Report
  4. Credit Insurance
  5. Credit Score

Tagged as: Home Equity Line of Credit, process of borrowing where a homeowner may borrow against home equity

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