Mortgages and mortgage advice, this is your route

  Home  |  About Mortgages  |  Sourcing Tools  |  Calculators  |  Key Facts  |  A to Z       Contact Us
You are here: Mortgage Route > Glossary A to Z > Letter L
 

The Mortgage Route A to Z
Line of Credit

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

Did this page help you?

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Letter L

Line of Credit

Commonly used by developers this is were a lender agrees to lend a set amount of money to the borrower. The borrower then goes out and buys what they want over a period of time up to that value of money in the knowledge of that fact that the money is in place at the outset.

FSA declaration and important text about mortgage advice