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Real Estate Glossary

Real Estate Glossary
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home equity line of credit
A second mortgage loan allowing you to borrow against the equity of the property.
homeowners association
A non-profit association that manages the common areas in a condo or a planned unit development (PUD).
HUD median income
The median family income for a particular area as estimated by the Department of Housing and Urban Development (HUD).


   

 

 

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