Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Line of Credit Line of Credit November 9, 2021 An agreement by a financial institution to extend credit up to a certain amount for a certain time to a specified borrower.You Might Also Like: Living QuartersFirst-Time Homebuyer’s Playbook: 4 Steps to a Successful Offer Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work?