Sentences with phrase «draws against the equity»

This is a variable rate loan that allows you to make draws against the equity in your home, much like using the available credit on your credit card.

Home Equity Line of Credit A mortgage loan, usually in second position, that allows the borrower to obtain cash drawn against the equity of his home, up to a predetermined amount.

Not exact matches

After the market crash of 2008 - 2009, it's easy to see how advisors and plan sponsors could be drawn to «Defensive Equity» or «Low Risk» strategies as ways to protect against future drawdowns.

Drawing on research and my lived experiences as an educator, I discuss mindsets and practices teachers can develop to assuage the assault against belonging and become proactive in restoring equity and opportunity in mathematics classrooms that serve historically disenfranchised students.

Draws on Owner's Equity for distributions need to evaluated and checked against the company's fiscal position on the ASBCS» Financial Performance Recommendations.

If you opt to borrow against your home, favor a home equity line of credit, which you can draw on as needed, rather than a home equity loan.

Refinancing to a reverse mortgage provides a way for homeowners to pay off their existing mortgage and draw against home equity for providing an income stream.

Depending on the terms, the draw period will typically be up to 10 years, after which you will no longer be able to borrow against your home equity line of credit.

Equity Credit Line Overdraft Protection works by issuing a line of credit and charging your credit line in the amounts of the transactions drawn against your insufficient funds, up to the available limit.

Your home is your largest asset, and you may choose borrow against it one or two ways: to secure a home equity loan in a lump sum or as a home equity line of credit (HELOC) to draw from as you need it.

One thing to remember if you're trying to get an equity loan and you have bad credit is that you may be limited as to how much of your home's value you can draw against.

A HELOC is a line of credit that is drawn against the existing equity in the property by the homeowner for repairs, or emergencies, and paid back with monthly payments like a credit card.

HELOC stands for Home Equity line of credit which is a loan placed against a home that has a maximum draw and can be used like a credit card.

With a home equity line, a borrower may draw against any available credit on the line while continuing to make monthly payments during the «draw period.»