Home equity definition

Home equity means the fair market value of an individual’s home property less financial encumbrances.
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Home equity means the current market value minus any legally binding debt against the home including a mortgage, reverse mortgage, home equity loan, or other legitimate debt that is secured by the home.
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Home equity means the dollar value of the Owner-Resident’s notional equity position at any point in time equal to the Co-Ownership Interest less the Co-financing. It diverges from the Deposit because of Leverage applied to changes in Property Value month-to-month.
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Examples of Home equity in a sentence

  • Home equity lines ...................................................................................................

  • Home equity lines.................................................................................................................................................c.

  • Home equity lines ...................................................................................................c.

  • Home equity lines..........................................................................................................................................................

  • Home equity lines of credit typically involve variable rather than fixed interest rates.

  • Line item 7 Home equity lines of credit (HELOCS)Report losses associated with loans held for investment accounted for at amortized cost on the amount outstanding under revolving, open-end lines of credit secured by 1 to 4 family residential properties.

  • Home equity indebtedness Home equity indebtedness is indebtedness (other than acquisition indebtedness) secured by a qualified residence.

  • Home equity lines ................................................................................................................................c.

  • Treatment of a defective paint surface is not re- quired if such a surface is found to not be a lead-based paint surface by a lead- based paint inspector certified pursu- ant to procedures of the U.S. Environ- mental Protection Agency at 40 CFR part 745.(d) Home equity conversion mortgage in- surance.

  • Report the total fair value of all asset-backed securities collateralized by credit card receivables, i.e., extensions of credit to individuals for household, family, and other personal expenditures arising from credit cards as defined forSchedule RC-C, part I, item 6.a. 5.b Home equity lines.

Related to Home equity

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Negative equity means any outstanding debt transferred from a previous vehicle.

  • Fixed Income Securities means Debt Securities created and issued by, inter alia, Central Government, State Government, Local Authorities, Municipal Corporations, PSUs, Public Companies, Private Companies, Bodies Corporate, Unincorporated SPVs and any other entities which may be recognized / permitted which yield a fixed or variable rate by way of interest, premium, discount or a combination of any of them.

  • Book Equity means the aggregate of the amounts paid-up or credited as paid-up on the Charter Guarantor's issued share capital and the amount of the consolidated capital and revenue reserves of the Group (including any share premium account, capital redemption reserve fund and any credit balance on the consolidated profit and loss account of the Group) all as shown by the latest audited consolidated balance sheet and profit and loss account of the Group delivered under this Deed but after:

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Securitization Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Securitization Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of “Interest Expense”); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • Morgan Stanley Morgan Stanley, a Delaware corporation.

  • financial holding company means a financial institution, the subsidiary undertakings of which are either exclusively or mainly credit institutions or financial institutions, at least one of such subsidiary undertakings being a credit institution, and which is not a mixed financial holding company within the meaning of Article 2(15) of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (1);

  • Educational Purposes means use for the purpose of education, teaching, distance learning, private study and/or research.

  • Goldman Sachs means Goldman, Sachs & Co.

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;