Homeequityloan（房屋净值贷款）a type of loan in which the borrower uses theequity in their home as collateral (抵押物)useful to financemajorexpenses suchas homerepairs, medical bills or college education.■Ahome equity loan creates a lien (扣押权)against the borrower's house, and reduces actualhomeequity.Lien: right to keep sb's property until a debtowed in connection with it (for repair, transportetc)is paid
Home equity loan （房屋净值贷款） ▪ a type of loan in which the borrower uses the equity in their home as collateral (抵押物). ▪ useful to finance major expenses such as home repairs, medical bills or college education. ▪ A home equity loan creates a lien (扣押权) against the borrower's house, and reduces actual home equity. ▪ Lien：right to keep sb's property until a debt owed in connection with it (for repair, transport, etc) is paid
EquityBorrowing（房屋净值贷款）Homeequity borrowingEquity financing-orequity loans-area flexibleformof borrowing secured byyourhome.Home equity loans let you draw on the investmentyou have in your home todo a variety of things,suchas:>Renovateormakehomeimprovements>Buyanewcar>Purchase an investment property>Financeschoolormedical fees>Consolidateyourdebts
Equity Borrowing (房屋淨值貸款) ▪ Home equity borrowing ▪ Equity financing - or equity loans - are a flexible form of borrowing secured by your home. Home equity loans let you draw on the investment you have in your home to do a variety of things, such as: ➢ Renovate or make home improvements ➢ Buy a new car ➢ Purchase an investment property ➢ Finance school or medical fees ➢ Consolidate your debts