home equity loan
101Piggyback Mortgage — A type of mortgage where a second mortgage or home equity loan is taken out by a borrower at the same time the first mortgage is started or refinanced. Piggyback mortgages are frequently used to lower the loan to value ratio (LTV) of a first… …
102Reloading — A term lenders commonly use to refer to the habits of borrowers taking out loans to repay the balance on other loans. Often reloading is done to take advantage of lower interest rates offered by other loans, and potential tax benefits. For… …
103Interest Deduction — A deduction for taxpayers who pay certain types of interest. Interest deductions reduce the amount of income subject to tax. The two main types of interest deductions are for home mortgage and home equity loan interest, and margin account… …
104CIT Group Incorporated — Infobox Company name = CIT Group Incorporated type = Public nyse|CIT genre = foundation = 1908 founder = Henry Ittleson location city = New York City location country = United States of America location = locations = area served = key people =… …
105second mortgage — ➔ mortgage1 * * * second mortgage UK US noun [C] (also remortgage, also US home equity loan) FINANCE, PROPERTY ► a loan that someone gets using their property as security (= an asset that the lender can take if the loan is not paid back), when… …
106Mortgage Forgiveness Debt Relief Act of 2007 — The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offered relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure …
107The Simpsons (season 20) — The Simpsons Season 20 The Blu ray cover of this season s boxset. Country of origin United States …
108remortgage — ▪ I. remortgage remortgage 2 noun [countable] FINANCE PROPERTY BANKING a second or bigger mortgage on your property, especially a house; = home equity lo …
109Revolving credit — is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide… …
110Mortgage Accelerator — A type of mortgage loan program popular in the United Kingdom and Australia that resembles the combination of a home equity loan and a checking account. Borrowers paychecks are deposited directly into the mortgage account and the mortgage balance …
