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
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Its plan is roughly akin to the state of Illinois taking out a home equity loan and refinancing its mortgage, albeit on a grand scale. The Editorial Board, Chicago Tribune, 16 June 2025 What is a Figure HELOC? Unlike a home equity loan, which is disbursed in a lump sum, a HELOC gives borrowers a revolving line of credit. Kelsey Neubauer, CNBC, 18 May 2025 Ventura took money from her home equity loan and wired the funds to Combs’ company. Patrick Ryan, USA Today, 21 May 2025 According to Complex, Ventura took out a home equity loan to get Diddy the cash, but returned the money days later without an explanation. Michael Saponara, Billboard, 20 May 2025 See All Example Sentences for home equity loan

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Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 19 Jun. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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