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Equity loan definition discover more. Find results.. Definition of home equity built up by the holder of the mortgage through payments and up equity in the home. This is what a home equity loan borrows. Home loan assistance programs bank of america. If you're unable to make your loan payments and you have explored all the available options for staying in your home, these are the home loan assistance solutions to. Homeequity loan definition investopedia. A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. The loan is based on the difference between the.
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