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Home equity loan definition is – a loan based on the amount of equity a person has in his or her home.

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Four Texas groups, including nonprofits and a housing authority, have been awarded $2.3 million by the federal home loan Bank of Dallas to build or rehabilitate 556 housing units over the next three.

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Home equity loans have lower interest rates but lack the protection and repayment options of the parent PLUS program. (AsmanL/Getty) When house prices were at their peak, these financing vehicles.

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