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Definition of HOME EQUITY LOAN – Merriam-Webster – Home equity loans create a lien on the borrower’s home – commonly second position liens – and can reduce its overall equity. Another difference is that home equity loans and lines of credit are typically for a shorter term than traditional mortgages.
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Inc. Mr. MacDonald has developed over 50 multifamily apartment communities throughout Texas during four decades in construction and development. “I am deeply honored to be appointed to this position.
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