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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
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.
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 The company offers a marketplace for home equity loan originators to sell loans on the blockchain, as well as makes home equity loans, some which are backed by cryptocurrency. Megan Poinski, Forbes.com, 9 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 26 Nov. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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