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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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But a home equity loan or HELOC can help consolidate your balances into one product, often at a much lower interest rate. Matt Richardson, CBS News, 21 Nov. 2025 As of last week, the average rate on a home equity loan was 8.11% and the variable rate on home equity line of credit (HELOC) was 7.85%, according to Bankrate. Jeanne Sahadi, CNN Money, 29 Oct. 2025 Is a Third Federal home equity loan right for me? Kelsey Neubauer, CNBC, 18 Sep. 2025 The delinquency rates for those types of loans are at the highest levels since 2009, though the rates of people failing to make mortgage and home equity loan payments are at a historic low, FICO reported. Sam Gillette, PEOPLE, 16 Sep. 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 30 Nov. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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