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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There are plenty of alternatives if a home equity loan isn't a good fit for you now. Matt Richardson, CBS News, 23 Feb. 2026 Who is a home equity loan best for? Kelsey Neubauer, CNBC, 21 Feb. 2026 Another financing alternative would be a home equity line of credit or home equity loan, using your current home as collateral. Liz Weston, San Diego Union-Tribune, 8 Feb. 2026 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 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 1 Mar. 2026.

Legal Definition

home equity loan

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