home loan

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home loan Meaning of "home loan"

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Definition(s):

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

Synonym(s)

home equity credit, home equity loan

Usage(s):

  1. The reason this crisis started was the abuses that took place within our home loan agencies, Fannie Mae and Freddie Mac and within our home loan system.
  2. In the past week, the average mortgage rate on a 30-year fixed home loan has jumped more than one half a percentage point to 6.
  3. The nationwide bust of fraudulent home loan schemes nailed a large number in Florida.
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