Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Personal Finance – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/tag.php on line 49

Home Equity

The equity, or established ownership stake, in a residential real estate unit (home) that is typically used as a basis...

HELOC

An acronym for home-equity line of credit; a line of credit that is secured by a borrower's home equity. As...

Home Equity Line of Credit

A line of credit that is secured by a borrower's home equity. As a security, it gives a homeowner borrower...

Refi

Refi (refinance) involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage...

Refinance

Refinance involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage loan,...

Reverse Mortgage

A mortgage that is collateralized with a mortgagor's home equity, while a mortgagee (a lender/ lending institution) makes regular payment...

Mortgagor

The borrower in a mortgage, i.e., the party to a mortgage loan that is extended credit by the mortgagee (the...

Mortgagee

The lender in a mortgage, i.e., the party to a mortgage loan that extends credit to another party, the borrower...

Negative Amortization

A situation (amortization that has a negative sign and effect) that arises when a mortgagor (a borrower) has an increasing...

Income Clubbing

The inclusion or addition (clubbing) of another person's income in one's own income for the purpose of computing the total...