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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Homeowners can also look into secured loan options such as a home equity loan or line of credit (HELOC) for consolidation. Stephanie Colestock, Sacramento Bee, 26 Feb. 2025 There are other tax deductions available to homeowners, including property taxes, home improvements and interest on a home equity loan or HELOC. Brian Sloan, CNBC, 25 Feb. 2025 Egg prices shot up 15% in January as retailers limit customer purchases $100,000 home equity loan vs. $100,000 cash-out refinance: Which is better right now? CBS News, 14 Feb. 2025 As of January 22, per Bankrate, the average rate on a home equity loan was 8.45% and the average rate on a home equity line of credit was 8.28%. Jeanne Sahadi, CNN, 29 Jan. 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 3 Mar. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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