Equity Loan (HELOC)

Intermediate 🏠 Real Estate

Definition

A home equity line of credit where you borrow against your house's value—basically using your largest asset as an ATM.

Example Usage

We took out a HELOC at 7% to fund our rental property down payment.

Source: Mortgage and lending terminology

Related Terms

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Accredited Investor

Someone meeting SEC wealth requirements ($200,000+ annual income or $1M+ net worth) eligible for private real estate securities—basically the rich kids' club.

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For Sale By Owner (FSBO)

A property listing where the owner sells directly without a real estate agent, proving that anyone can list a home but not everyone can sell one.

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Gentrification

The process of neighborhood improvement and rising property values that often displaces lower-income residents. It's real estate appreciation celebrated by investors and mourned by longtime residents who can no longer afford to live there.

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absorption analysis

A market study estimating how long it would take to sell all available properties in a given area at the current sales pace. Real estate developers use this to determine if building 500 new condos will flood the market or fill a genuine need.

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Interest-Only Loan

A loan structure where borrowers pay only interest for a specified period before principal repayment begins. It's great for cash flow in the short term until the balloon payment hits and reality sets in.

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Covenants, Conditions & Restrictions (CC&R)

Rules governing what you can do with your property, proving that ownership is really more of a suggestion.

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