Terms For H

Home Equity Line of Credit:

Home equity line of credit is a mortgage loan. This, usually happens in second position, and allows the borrower to get cash drawn against the equity of his home, up to a predetermined amount

Home Inspection:

Home Inspection is a thorough inspection by a professional which evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often included as a contingency by the purchaser.

Homeowner's Insurance:

This is an insurance policy which combines personal liability insurance and hazard insurance coverage for a residence and its inhabitant.

Hazard insurance:

This insurance coverage comes in the event of physical damage to a property from fire, wind, vandalism, or other hazards.