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Hazard Insurance Insurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.   Home Equity Line Of Credit a credit line that is secured by a second deed of trust on a house. Equity lines of credit are revolving accounts that work like a credit card, which can be paid down or charged up for the term of the loan. The minimum payment due each month is interest o   Home Equity Loan a loan secured by a second deed of trust on a house, typically used as a home improvement loan.   Housing Ratio The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.   Hud The U.S. Department of Housing and Urban Development.