Investor Glossary - Home Equity DebtInsightful stock market charts - Click here

 # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     
Is the stock market headed lower? The answer may surprise you.
Find out now with the exclusive & highly regarded charts of Chart of the Day.

Home Equity Debt

Home equity debt is a loan that is secured by the borrower’s home equity (the home’s fair market value less the amount of money still owed on the home). Broadly, there are two types of home equity debt: a home equity loan and a home equity line of credit. There are important differences between these two types of home equity debt. Home equity debt in the form of a home equity loan is a type of home equity debt that works like a first mortgage, with the loan paid out in a lump sum and repayment amortized over the length of the loan. Home equity debt in the form of a home equity line of credit (HELOC) is a type of home equity debt that works much like a credit card with a revolving balance and variable interest rate.


               


 Popular Terms : 401a, FICO score, 1031 exchange, option premium, reverse mortgage, balance sheet, quant, stock, deferred revenue, CUSIP, forward PE, asset/equity ratio, Black Friday, minority interest, retained earnings, trailing PE, 10-K, average price per share, annualize, deferred tax




 Rate the home equity debt definition... Receive our free Term of the Day email.
 Your Rating:
 Poor 1 2 3 4 5  Excellent
Simply type in your email address and click submit:
 Comment:   
 


Subscribe   Unsubscribe
Home | Term of the Day | Tell a Friend | Suggest a Term | Edit Subscriber Detail
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2008 Investor Glossary - All rights reserved