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Summe asked in Business & FinanceCredit · 7 years ago

What does it mean by recapture home credit?

I received a letter stating, " congratulations, you have paid your last payment. However, it talks about recapture home credit. What does that mean?

1 Answer

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  • Shay
    Lv 7
    7 years ago
    Favourite answer

    They are trying to get you to take out another equity loan or mortgage to "recapture" the credit that is available from home ownership.

    It is a trap to try to get you back into debt.

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