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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.

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

Home equity line of credit, or HELOC, rates are variable, while home equity loan rates are fixed.

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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