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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

Is it remotely possible that he would nevertheless take out a home equity loan and pay Daniels $130,000 without Trump’s knowledge and direction?

From Los Angeles Times May 2, 2024

As with the home equity loan, your credit line is based on the value of your ownership stake, and your house acts as collateral for the debt.

From Seattle Times Nov. 22, 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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