Consumer loan, usually secured by collateral or a mortgage, taken out to finance alterations, remodeling, or structural renovations to an existing dwelling. These loans are generally short-term, but may be for longer periods. See also Home Equity Credit; Second Mortgage.
Home Improvement Loan
| Banking Dictionary: Home Improvement Loan |
| 5min Related Video: Home Improvement Loan |
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 | Retire (a Debt) |
| Green Tree Financial Corporation |
| Installment credit |
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