The phrase "credit homeowner" means that a person who owns a home is given recognition or acknowledgement for being responsible and reliable when it comes to borrowing money. Full definition
It is possible that the changes will be extended to bad credit homeowners who have home equities and have been current in their payments. (lizloans.com)
Without the tax credit some homeowners may not have enough money saved up for a mortgage loan down payment and may put off buying a house. (loanbiz.com)
They also plan to get rid of the so called risk based fees that are currently charged on bad credit homeowners. (lizloans.com)