home equity loan


: 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 Lenders expect home equity loan debt to increase 11.4% in 2023 but decrease 5.6% in 2024, according to the report. Anna Bahney, CNN, 16 Aug. 2023 Here's how the GOP wants to fix the college debt crisis What a rate pause means for home equity loan, HELOC rates Live Nation's hidden ticket fees will no longer be hidden, company says Most Facebook users can now claim settlement money. Khristopher J. Brooks, CBS News, 15 June 2023 The average national rate on a home equity loan is 8.32% as of June 7, according to Bankrate. Jeanne Sahadi, CNN, 14 June 2023 Other ways to borrow money for an ADU, such as a home equity loan or line of credit, typically set lower loan-to-value limits, but some go up to 90% of the property value with the ADU. Jon Healey, Los Angeles Times, 12 May 2023 Cohen took out a home equity loan at the insistence, Cohen writes in his 2020 memoir, of Alan Weisselberg, then chief financial officer at the Trump Organization (now serving a five-month sentence for tax fraud at Rikers Island). Timothy Noah, The New Republic, 3 Apr. 2023 Our son is against this idea and is unwilling to co-sign a home equity loan (on the condo or our home) to help my ex settle his debts. Amy Dickinson, oregonlive, 31 Mar. 2023 His attorney and fixer at the time, Michael Cohen, took out a home equity loan and paid Daniels $130,000 to keep her mouth shut. Mark Z. Barabak, Los Angeles Times, 29 Mar. 2023 Homeowners with good credit and high-value homes may be able to finance these upgrades with a home equity loan, but that’s neither feasible nor prudent for many people. Jenny Schuetz, Fortune, 29 Mar. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'home equity loan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near home equity loan

Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 23 Sep. 2023.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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