HELOC

abbreviation or noun

ˈhē-ˌläk 

plural HELOCs

: a line of credit extended to a homeowner who uses their home as collateral : home equity line of credit

With a home equity loan or a home equity line of credit (HELOC), you can draw on your equity for just about anything—to fund your business, pay off high-rate debt or update your home, to name a few. And because … HELOCs are secured by your home, they typically come with lower interest rates than credit cards or personal loans. … A HELOC is a revolving line of credit, so you can borrow and repay funds as you need them.

—Emma Patch

Examples of HELOC in a Sentence

Recent Examples on the Web

Or could homeowners expect lower home equity loan and HELOC rates in the near future? — Aly J Yale, CBS News, 19 June 2026

Instead of getting a lump sum, a HELOC offers a revolving line of credit that can be used as needed during a borrowing period, usually five to 10 years. — Kevin Cerveny, Kansas City Star, 15 June 2026

Home equity line of credit usage is also up significantly—HELOC balances outstanding nationally surpassed $380 billion in 2024 for the first time since the post-financial-crisis deleveraging cycle. — Jason Kirsch, Forbes.com, 20 May 2026

Large home projects and renovations are tied to home equity line of credit (HELOC) rates. — Zev Fima, CNBC, 19 May 2026

Some banks and credit unions may offer what’s called a no-cost HELOC. — Jeff Lazerson, Oc Register, 14 May 2026

Word History

First Known Use

1987, in the meaning defined above

Rhymes for HELOC

• relic
• telic
• allelic
• angelic
• philatelic
• psychedelic