Home Equity Loan

Business / Real Estate / Home Equity Loan: A loan (sometimes called a line of credit) under which a property owner uses his or her residence as collateral and can then draw funds up to a prearranged amount against the property.

Other Words for Equity

Equity Noun Synonyms: fairness, impartiality, even-handedness, justice, fair play, objectivity, disinterest, fair-mindedness, equitableness, open-mindedness, disinterestedness, neutrality, tolerance, judiciousness, right-mindedness, high-mindedness
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Other Words for Home

Home Noun Synonyms: (home) base, residency, territory, haunt, home ground, bailiwick, stamping-ground
Home Adjective Synonyms: dwelling-place, residence, domicile, abode, dwelling, house, (living) quarters, habitation, lodging(s), accommodation or accommodations, place, digs, diggings
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Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Net Assets (Owners Equity)

Business / Accounting / Net Assets (Owners Equity): The ownership interest in the assets of an entity: equal total assets minus total liabilities. MORE

Negative Equity

Business / Debt / Negative Equity: A situation where the purchaser of a property has taken out a mortgage and some time after the purchase, the value of the property falls below the mortgage amount. MORE

Multifamily Loans

Business / Finance / Multifamily Loans: Loans usually represented by conventional mortgages on multifamily rental apartments. MORE

No Loan, No Commission

Business / Real Estate / No Loan, No Commission: A listing agreement requiring that escrow be closed and title transferred before an agent is entitled to a commission. MORE

Non-Conforming Loan

Business / Real Estate / Non-Conforming Loan: A mortgage loan that does not meet Fannie Mae and Freddie Mac underwriting guidelines. Non-conforming loans are available as both fixed and adjustable rate mortgages. MORE

Nonrecourse Loan

Business / Finance / Nonrecourse Loan: A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture. MORE

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