Equity Loan
An equity loan is a mortgage loan in which the borrower receives money. Typically the loan is secured by real estate already owned outright.
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Famous quotes containing the words equity and/or loan:
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)
“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
—William Shakespeare (1564–1616)