Antitrust Law

Asbestos Law

Civil Rights Law

Communications Law

Contract Law

Dispute Resolution

Divorce Law

Education Law

Family Law

Health Law

Immigration Law

Incorporation

Internet Law

Intellectual Property

Landlord Tenant Law

Law Schools

Lawsuit Funding

Lemon Law

Medical Malpractice

Other Law Fields

Personal Injury

Prepaid Legal Services

Structured Settlement

Tax Law

Workers Comp

 

Free Legal Advice

Online Legal Forms

Legal Answers

Legal Definitions

Advertise on LDB


 

 

Home Equity Overview

Navigation:  Home > Mortgage> Home Equity Overview

 

Home Equity is the value of your home minus any amount that you still owe on it through your mortgage or other liability. Building home equity improves your access to credit and allows you to take out Home Equity Loans and receive Home Equity Lines of Credit. While this access may be useful and perhaps save you from a dire economic situation, homeowners should beware. Unscrupulous lenders may try to trick you into a loan or a credit line with high payments that your income cannot support or with huge balloon payments at the end of the loan term which force you to borrow again in order to pay them.

Sponsored Ads

Find a Lawyer

Sponsored Links

Your Ad Here