: 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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That said, home equity loan interest rates are fixed and won't change even if the rate climate does, which could be favorable for those concerned about borrowing against their home equity (the home functions as collateral).—Matt Richardson, CBS News, 12 May 2026 The average rate for a 10-year home equity loan was 8.06% on April 15, down from 8.53% a year earlier.—Rachel Barber, USA Today, 29 Apr. 2026 There are two ways to borrow from the value in your home: a home equity loan and a home equity line of credit (HELOC).—Liz Knueven, CNBC, 2 Apr. 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 See All Example Sentences for home equity loan