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Equity Loan

A real estate loan based on the borrower’s equity (ownership) in the property. The amount that the bank might loan could be determined by the fair market value of the property minus any current mortgages secured by the property, subject to the owner’s other debt commitments and credit history.

See also:
  • Earnest Money
  • Easement
  • Eminent Domain
  • Equal Credit Opportunity Act
  • Equity
  • Equity Loan
  • Escrow
  • Eviction
  • Exclusive Agency Listing
  • Extension

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