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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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 The message here is clear: If there is an elder in your life who is considering a reverse mortgage, home equity loan or some other type of financing, or is even just hiring someone to remodel a kitchen or bath, gently talk to them about their plans. Lew Sichelman, Miami Herald, 14 Jan. 2025 Consider a home equity loan With refinances dwindling, home equity loans and lines of credit now dominate the home equity lending industry, according to a report from Figure Technology Solutions. Daniel De Visé, USA TODAY, 16 July 2024 Trump's return puts Medicaid on the chopping block New recommendations to measure obesity go beyond controversial BMI Why a home equity loan is better than a credit card now Alexander Tin Alexander Tin is a digital reporter for CBS News based in the Washington, D.C. bureau. Alexander Tin, CBS News, 15 Jan. 2025 See all Example Sentences for home equity loan 

Dictionary Entries Near home equity loan

Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 10 Feb. 2025.

Legal Definition

home equity loan

see loan

Last Updated: - Updated example sentences
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