Investor Glossary-home equity loan rateInvestor Glossary-home equity loan rateInvestor Glossary-home equity loan rateInvestor Glossary-home equity loan rateInsightful stock market charts - Click here
investor
Categories    # 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

Home Equity Loan Rate

The HTML to link to this page
 

A home equity loan rate is the interest rate on a home equity loan, which is a loan that is secured by the borrower's equity in his home. A home equity loan rate should not be confused with its cousin, the home equity line of credit (HELOC) rate. A home equity loan rate is usually higher than a home equity line of credit rate because the home equity loan rate is most often a fixed rate and the other is most often a variable rate. A home equity loan rate is also usually higher than a first mortgage rate because there is no secondary market for home equity loans. A home equity loan rate on a larger loan ($275,000, for example) will usually be lower than a home equity loan rate on a smaller loan ($30,000, for example).



Rate this home equity loan rate definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: in escrow, wholly-owned subsidiary, risk management, phantom income, class C shares, deferred tax, minority interest, 1031 exchange, command economy, stock market close, VIX, 144a, average price per share, cancelled check, deferred revenue, 401a, 1035 exchange, EBITDA, required rate of return, debt service coverage, option premium, current ratio, margin rate, open position, limit order, reverse mortgage, FICO score, Zero Cost Collar, covered put, ex-dividend, FTSE, real GDP, liquidity ratio, LIBOR, labor relations, balance sheet, implied volatility, Key Rate Duration, irrevocable trust, diluted share, quality assurance, retained earnings, stock split, inflation, APR, ex-dividend date, dividends payable, annual return, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use