The Mortgage Dictionary

What is a HELOC?


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Alex Hernandez | Mortgage Loan Officer | NMLS #1605167
St. George Utah | Equal Housing Lender
Transcription:
Home Equity Line Of Credit is a mortgage loan, which is usually in the second lien position. This allows a borrower to obtain cash against the equity of a home up to a predetermined amount.
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The Mortgage DictionaryBy Alexander Hernandez