A yearly amount charged by some lenders to service a home equity line of credit . See fees . A loan you get to build your house, a loan to buy your house or any loan you take out to substantially improve your home.
Interest paid on such a loan is generally tax-deductible.
See interest tax deduction . The cost of a mortgage stated as a yearly rate. It includes interest, mortgage insurance and certain points or credit costs. Appraisal The examination of property by a professional appraiser to estimate fair market value . An opinion of a property's fair market value , based on an appraiser's inspection and analysis of the property.