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

  • My best HELOC offer is: _ _ _ Home equity lines of credit typically involve variable rather than fixed interest rates.

  • Home equity loans and the sale or purchase of unimproved or rental properties are not included.

  • Preparation of reconciliation for the following products in accordance with generally accepted accounting principles: Home equity Loans, Home Equity Lines, Home Equity Purchase Premium general accounts and Accrued Interest Receivable.

  • The following table details loans individually evaluated for impairment at the respective dates: (In thousands) 2017 2016 Residential 1-4 family $ 269 $ 879 Home equity lines of credit 30 - Total loans secured by real estate 299 879 Commercial loans - 35 Consumer loans 8 85 Total loans $ 307 $ 999 All other loans were evaluated collectively.

  • Home equity loans are typically secured by a subordinate interest in 1-4 family residences.

  • Residential 1-4 family 1 $ 88 1 $ 31 3 $ 94 - $ - Commercial - - - - - - - - Multi-family - - - - - - - - Land - - - - - - - - Residential construction - - - - - - - - Home equity lines of credit - - - - - - - - Totals by loans secured by real estate 1 88 1 31 3 94 - - Commercial and industrial loans 3 481 3 365 - - 2 391 Total delinquent loans 6 $ 600 6 $ 403 7 $ 124 3 $ 393 Delinquent loans to total net loans 0.63 % 0.42 % 0.14 % 0.45 % Non-performing Assets.

  • The sale of the CIB 5 Customer Friendly Mortgage Loan and CIB 5 years repricing Home equity Mortgage Loan is suspended from the 1st of July 2023, therefore the CIB EASY discount programme is available for loans accepted before the 1st July 2023 for these products.

  • Home equity loans increased $4.0 million to $124.8 million at December 31, 1996 from $120.8 million at December 31, 1995.

  • Home equity lines of credit are tied to the prime lending rate although special promotions may offer a fixed rate for periods of not greater than one year.

  • You could lose all of the money in your account, plus your maximum on your line of credit or Home equity line of credit.

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.

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Citigroup means Citigroup Global Markets Inc.