Security Transactions And Mortgages

Equity Line of Credit

Learn about the definition for this legal term.

What is Equity Line of Credit?

A bank or lending institution's revolving line of credit provided to a homeowner based on a lien attaching to the equity existing over and above the debt owed on the balance of the first mortgage.

Further Reading

For more detailed information, see our related Security Transactions And Mortgages terms:

Stephanie Bagnall

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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