Sentences with phrase «draws against the equity in your home»

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.

Not exact matches

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.

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 amoHome 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 aEquity 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 aequity of his home, up to a predetermined amohome, up to a predetermined amount.