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Real Estate Definitions and Terminology - H
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H |
| holding deposit |
An initial sum of money given to register interest and goodwill or bind the sale of real estate before the full deposit is paid. |
home equity line
of credit |
A mortgage loan which allows the borrower to obtain multiple advances of the loan proceeds up to a specified percentage of the borrower's equity in a property. |
home
improvement loan |
A loan made to a homeowner in which the home is used as collateral for the loan. |
| home inspection |
A thorough inspection that evaluates the structural and mechanical condition of a property. A home inspection can be made a condition of purchase. |
Note: We assume no liability resulting from any errors or omissions. In providing the preceding we've done our best to bring you accurate information. However, you should seek your own independent advice as to the accuracy of the information supplied.
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