HELOC means a home equity revolving line of credit secured by a mortgage, deed of trust or other instrument creating a first or second lien on the related Mortgaged Property, which lien secures the related Credit Line Agreement, and which is underwritten in conformity with the Underwriting Guidelines.
HELOC means a Mortgage Loan that is a home equity line of credit or any other arrangement under which the Mortgagor has the right to demand further advances from the mortgagee.
HELOC means home equity line of credit.
Examples of HELOC in a sentence
ASSIGNOR: FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR INDYMAC FEDERAL BANK, FSB By: WITNESS Name: Its: ASSIGNEE: ONEWEST BANK, FSB By: WITNESS Name: Its: EXHIBIT C TERM SHEET FOR ASSIGNMENT OF FUNDING OBLIGATIONS TO SERVICER IN HELOC SECURITIZATIONS AND REIMBURSEMENT FOR DRAWS SEE TAB 41.
The check will be issued and sent directly to: Town Of TruckeeAttn: Finance Department 10183 Truckee Airport Road Truckee, CA 96161Home Equity Line of Credit, Home Equity Loans, and Reverse MortgagesHome equity lines of credit (HELOC), home equity loans, or reverse mortgages are not permitted.
More Definitions of HELOC
HELOC means (i) each adjustable rate home equity revolving credit line loan identified on the Mortgage Loan Schedule on the Closing Date, (ii) any additional such home equity revolving credit line loans identified on the Mortgage Loan Schedule after the Closing Date, as such schedule is amended and supplemented from time to time to reflect the transfer of the Subsequent Mortgage Loans which are HELOCs, the deletions of Deleted Mortgage Loans which are HELOCs and the substitution of Qualified Substitute Mortgage Loans which are HELOCs for Deleted Mortgage Loans (iii) each Mortgage Note evidencing any credit line loan referred to in (i), (ii) or (iii) above, including all amounts now or hereafter due under such Mortgage Notes whether relating to such credit line loans or other loans which may be made from time to time and (iv) the related Mortgage.
HELOC means each Mortgage Loans identified on the Mortgage Loan Schedule as being a "Home Equity Line of Credit," which Mortgage Loans shall consist of each and every Mortgage Loan assigned to the Issuer that was originated as an adjustable-rate, home equity line of credit.
HELOC means a home equity line of credit.
HELOC or "Repurchased Mortgage Loan"; provided, that a Mortgage Loan may be within more than one Class as of any date of determination.
HELOC means an open-end, revolving, home equity line of credit underwritten in accordance with the Credit Policy.
HELOC means a Mortgage Loan that is a home equity line of credit secured by a mortgage, deed of trust or other instrument creating a first lien or second lien on the related Mortgaged Property, which lien secures the related line of credit.
HELOC means an open-ended home equity line of credit, secured by a Mortgage on improved real property on which is located a one-to-four family residence, which satisfies the requirements of a Prime Mortgage Loan.