Use our 1031 Exchange Glossary to improve your understanding of the 1031 Exchange process, documentation, and financial benefits.
uses the equity residing in your current properties as collateral for the loan repayment for an amount approximate to the equity value.
A home equity line of credit (HELOC) enables property owners to use their equity as proof of debt capacity, granting them access to a credit line approximate to the equity value.
The process of reducing or paying off a debt with regular payments.
A lender’s initial evaluation of a potential borrower to calculate the amount of loan for which the borrower can reasonably be responsible.
The process of determining whether a borrower can be lent a certain amount of funds in a qualified mortgage, which are only granted in amounts that are reasonable for the borrower given their financial situation.
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