home equity credit

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Definitions from WordNet

Noun home equity credit has 1 sense

home loan, home equity credit, home equity loan, equity credit line - a loan secured by equity value in the borrower's home
--₁ is a kind of consumer credit; loan

Definitions from the Web

Term: Home Equity Credit

Definition:

Home equity credit refers to a type of loan or credit line that allows homeowners to borrow money using their home's equity as collateral.

Usage:

As a noun:

Paying off high-interest debts with a home equity credit can be a wise financial move.
She used her home equity credit to finance her daughter's education.

As a verb:

He decided to home equity credit his property in order to fund his business venture.
They are currently home equity crediting their house for renovation purposes.

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