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Percentage advance

• The percent of the book value of the collateral that constitutes the principal of a secured loan.

 
 Embedded terms in definition
 Book value
Book
Collateral
Principal
Secured loan
Secured
 
 Related Terms
 Advance commitment
Annual percentage rate
Annual percentage yield

<< Percent retained to common equity Perfect capital market >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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