home equity loan

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Related to Home-Equity Loans: Home Equity Line of Credit
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.home equity loan - a loan secured by equity value in the borrower's home
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)
References in periodicals archive ?
ACCORDING TO THE FEDERAL RESERVE Flow of Funds report in March of this year, outstanding home-equity loans amounted to more than $1 trillion in 2003.
By the time Merritt got to him, Henry, nearly blind and confined to a wheelchair because of arthritis, was facing foreclosure on two home-equity loans he had taken out when he purchased what he thought was $180 in carpeting.