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

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For example, paying off high-interest debt with a home equity agreement is probably a bad idea; doing so with a home equity loan with a much lower rate than the credit card debt itself may actually be a good move. Kelsey Neubauer, CNBC, 29 May 2026 That has left the average homeowner with plenty of equity to pay off their high-rate revolving debt via a lower-cost home equity loan or home equity line of credit (HELOC). Angelica Leicht, CBS News, 28 May 2026 Jen Stanbrough, a real estate agent in the Des Moines area, sometimes suggests that clients consider using a home equity loan on the departing residence to finance the new one. Andrea Riquier, USA Today, 28 May 2026 Another financing alternative would be a home equity line of credit or home equity loan, using your current home as collateral. Liz Weston, San Diego Union-Tribune, 8 Feb. 2026 See All Example Sentences for home equity loan

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“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 2 Jun. 2026.

Legal Definition

home equity loan

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