Home Equity Line of Credit (HELOC)  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Home Equity Line of Credit HELOC

A flexible mortgage type that can be particularly useful for those doing extensive renovations and requiring staged payments. The lender will agree a total amount of borrowing that they will allow the borrower to take bits of the total at whichever interval suits their circumstances. In most cases interest will only be payable on the amount drawn down.

Online Mortgage Enquiry and Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from a broker please
Click here...

Mortgage Calculator

Calculate

Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

Affordability Calculator

Calculate
Get a Mortgage Quote

Mortgage News Feed Mortgage News Feed

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...

Mortgage Glossary

Search for terms beginning with the letter:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z