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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Replacing that balance with a home equity loan at 9% could substantially reduce your interest costs. — Angelica Leicht, CBS News, 22 Oct. 2026 One of the most common ways to finance this kind of project is to borrow against your home's value with a home equity loan or home equity line of credit, also known as a HELOC. — Kelsey Neubauer, CNBC, 19 Oct. 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 24 Oct. 2026.

Legal Definition

home equity loan

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