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Aceinternational.org: What is credit? - Ace International Online

Credit is extended by a creditor (lender) to a debtor (borrower). Credit doesn’t have to involve money – when you lend someone a resource and they promise to give it ….

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  • Home equity line of credit (HELOC) - Ace International

    A home equity line of credit is a revolving line of credit secured by the borrower’s home. A lien is created against the borrower’s home. Since the borrower’s home is …

  • Second mortgage - Ace International

    The term second mortgage means secondary mortgage loan, i.e. a mortgage loan on a property that is already mortgaged for a loan. The secondary mortgage loan will be subordinate to …

  • What is credit? - Ace International

    Credit is extended by a creditor (lender) to a debtor (borrower). Credit doesn’t have to involve money – when you lend someone a resource and they promise to give it …

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