home equity loan home equity loan

Definition(s):

  • (n) a loan secured by equity value in the borrower's home

Usage(s):

  1. They had planned on being able to pay for their children's entire educations, but instead had to take out a home equity loan to help pay for college tuitions.
  2. He lost $15,000 and was forced to take out a home equity loan to cover his losses.

News

  1. Mercurial Mortgage Rates to Stabilize Soon, Analysts Say

    While mortgage rates are moving higher, rates on other forms of credit like car loans, home equity loans and credit cards are not expected to budge.
    on June 20, 2013     Source: New York Times

  2. Morici: As Fed Meets, Ordinary Folks Should Trim Spending

    NEW YORK (TheStreet) -- Wednesday, the Federal Reserve is expected to indicate when and how quickly it will pull back from its easy money policies. Americans can expect mortgage rates to climb, selling homes to get tougher and interest rates to increase on credit cards, auto purchases and home equity loans. The Fed has been purchasing $85 billion in mortgage-backed securities and longer term ...
    on June 18, 2013     Source: TheStreet.com

  3. Outside View: As Federal Reserve meets, folks should trim spending

    PETER MORICI || UPI Outside View Commentator COLLEGE PARK, Md., June 18 (UPI) -- Americans can expect mortgage rates to climb, selling homes to get tougher and interest rates to increase on credit cards, auto purchases and home equity loans.
    on June 18, 2013     Source: UPI

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