Discover home equity loan rates

    • [DOC File]Section Overview - Extension

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      Collateral is defined as property that a borrower puts up to secure a loan. If the borrower misses or defaults on a payment, the lender may repossess the collateral. In the case of a home loan, the lender may foreclose on a house. The most common forms of secured credit are home mortgages, home equity loans, and car loans.

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    • [DOC File]PART I: MORTGAGE LENDERS AND MORTGAGE LOANS

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      (1) Equity in the property = Value of the property – amt of debt (2) Equity cts give B a chance to redeem prop by paying debt (after default), even though loan documents didn’t permit this (3) Clogging equity of redemption: Any arrangement designed to prevent B from exercising right to redeem after default (4) Impact of equity of redemption ...

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    • [DOCX File]v 1.0 2012-02-16 - Home - National Consumer Law Center

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      If you own your home, some home improvement contractors, loan brokers and mortgage lenders may offer to give you a home equity loan despite your credit history. These loans can be very costly and can lead to serious financial problems and even the loss of your home. Avoid mortgage lenders that: * Charge excessive interest rates, “points,” brokers’ fees and other closing costs; * Require ...

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    • [DOC File]Consumer Financial Protection Bureau

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      Home equity and refinances 46. 10.1. Home equity loan/line of credit 46. 10.2. Is a home equity loan/line of credit right for you? 46. 10.3. Refinancing: should you consider refinancing? 47. 11. Additional protections 49. 11.1. No discrimination 49. 11.2. Prompt action/notification of action taken 50. 11.3. Statement of reasons for denial 50. 11.4

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