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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
How much will a $50,000 home equity loan cost monthly, however, after the December Fed rate cut? Matt Richardson, CBS News, 10 Dec. 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 Most lenders require a credit score of 650 to 680 to qualify for a HELOC or home equity loan. 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

Browse Nearby Words

Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 16 Dec. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!