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Today's Mortgage Terms starting with H

  • Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
  • Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
  • Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.

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