home equity line of credit
noun
plural home equity lines of credit
: a line of credit extended to a homeowner who uses their home as collateral
A home equity line of credit, also known as a HELOC, is a revolving line of credit that's secured by the equity in your home.—
Annetta Derricotte
Annetta DerricotteHome equity lines of credit (HELOCs) are an option for disciplined borrowers who want to take advantage of the inherent wealth of their homes.—Allison Martin
Allison Martincalled also HELOC
Examples of home equity line of credit in a Sentence
Recent Examples on the Web
Large home projects and renovations are tied to home equity line of credit (HELOC) rates.
—Zev Fima, CNBC, 19 May 2026
Outstanding home equity lines of credit or HELOCs have a total outstanding balance of $446 billion.
—Jeff Lazerson, Oc Register, 14 May 2026
Court documents show investigators were attempting to locate two female suspects who presented fake military ID cards at seven different banks and credit unions to withdraw money from home equity line of credit accounts, resulting in a total loss of more than $67,000.
—Tasha Carvell, Twin Cities, 6 May 2026
In mid-March 2018, the average rate on a home equity line of credit, which typically has a variable rate, was 5.77%.
—Jeanne Sahadi, CNN Money, 29 Apr. 2026
Even as interest rates on other borrowing products stagnated or, in the case of mortgages, ticked up, rates on home equity loans and home equity lines of credit (HELOCs) have remained affordable and even declined in many weeks.
—Matt Richardson, CBS News, 22 Apr. 2026
Evaluating strategic options to deploy these funds could include funding their children’s down payment, but rather than liquidating investments and thus triggering capital gains, utilizing a home equity line of credit and maintaining portfolio liquidity.
—Leo Anzoleaga, Forbes.com, 18 Mar. 2026
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.
Zev Fima, CNBC, 19 May 2026
Outstanding home equity lines of credit or HELOCs have a total outstanding balance of $446 billion.
—Jeff Lazerson, Oc Register, 14 May 2026
Court documents show investigators were attempting to locate two female suspects who presented fake military ID cards at seven different banks and credit unions to withdraw money from home equity line of credit accounts, resulting in a total loss of more than $67,000.
—Tasha Carvell, Twin Cities, 6 May 2026
In mid-March 2018, the average rate on a home equity line of credit, which typically has a variable rate, was 5.77%.
—Jeanne Sahadi, CNN Money, 29 Apr. 2026
Even as interest rates on other borrowing products stagnated or, in the case of mortgages, ticked up, rates on home equity loans and home equity lines of credit (HELOCs) have remained affordable and even declined in many weeks.
—Matt Richardson, CBS News, 22 Apr. 2026
Evaluating strategic options to deploy these funds could include funding their children’s down payment, but rather than liquidating investments and thus triggering capital gains, utilizing a home equity line of credit and maintaining portfolio liquidity.
—Leo Anzoleaga, Forbes.com, 18 Mar. 2026
Cite this Entry
“Home equity line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20line%20of%20credit. Accessed 28 May. 2026.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
