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.
Trump hails framework of U.K. trade deal, but 10% tariffs will remain on some items Is a HELOC or home equity loan better with interest rates on hold? Anne Marie D. Lee, CBS News, 8 May 2025 One way to access your home’s equity is to take out a second mortgage or a home equity loan. Lew Sichelman, Miami Herald, 17 Apr. 2025 Speaking of debt — your hard-times goal is to pay off every debt possible as quickly as possible, using all means possible: earning more, selling something, consolidating the debt, redirecting your retirement deposits, even taking out a home equity loan. Amy Lindgren, Twin Cities, 5 Apr. 2025 No collateral needed Unlike some loans, like a home equity loan, an unsecured personal loan doesn’t require collateral. Christina Majaski, Sacbee.com, 28 Mar. 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 May. 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!