HELOC EXPERT GLOSSARY

Glossary: H

Browse terms beginning with H and move through the full A–Z home-equity and mortgage glossary.

Terms Starting with H

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A credit report request made in connection with an application that can be visible to other creditors.

Property insurance covering specified risks; mortgage lenders commonly require acceptable coverage.

Home equity line of credit; an open-end line secured by home equity that allows repeated borrowing up to an available limit under the account terms.

The difference between a property's current value and debts secured by the property.

A loan secured by home equity that generally provides funds as a lump sum and is often structured with fixed payments.