home equity loan

noun

: a loan based on the amount of equity a person has in his or her home

Examples of home equity loan in a Sentence

Recent Examples on the Web
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One way to access your home’s equity is to take out a second mortgage or a home equity loan. Lew Sichelman, Miami Herald, 17 Apr. 2025 Speaking of debt — your hard-times goal is to pay off every debt possible as quickly as possible, using all means possible: earning more, selling something, consolidating the debt, redirecting your retirement deposits, even taking out a home equity loan. Amy Lindgren, Twin Cities, 5 Apr. 2025 No collateral needed Unlike some loans, like a home equity loan, an unsecured personal loan doesn’t require collateral. Christina Majaski, Sacbee.com, 28 Mar. 2025 Here's how much a $300,000 home equity loan costs monthly now (and expert advice to know) Is a HELOC worth opening this April? Aimee Picchi, CBS News, 28 Mar. 2025 See All Example Sentences for home equity loan

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Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 20 Apr. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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