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Showing results for home equity loan. Search instead for home equity credit.

home equity loan

American  
[hohm ek-wi-tee lohn] / ˈhoʊm ˈɛk wɪ ti ˌloʊn /
Or home-equity loan

noun

Personal Finance.
  1. a loan above and beyond a mortgage that a homeowner can take out to generate cash, using the equity in the home as collateral.


Etymology

Origin of home equity loan

First recorded in 1980–85

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

WSJ | Buy Side: Learn how to get the best rate on a home equity loan.

From The Wall Street Journal Jan. 14, 2026

A home equity loan or home equity line of credit might be options if the couple have good credit, sufficient income to make the payments and a cooperative lender.

From Los Angeles Times May 25, 2025

Rates for both have been rising for about a year, so if you’re choosing between the two, Porter recommends locking in a fixed-rate home equity loan now and refinancing later if rates decrease.

From Seattle Times Mar. 1, 2023

To answer, I lied and said we took out a home equity loan when we actually paid in cash.

From Slate Oct. 13, 2022

But if she has a solid interest rate, she may be better off taking out a home equity loan or line of credit.

From Washington Post Sep. 5, 2022

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