What is another word for home equity loan?
Pronunciation: [hˈə͡ʊm ˈɛkwɪti lˈə͡ʊn] (IPA) 
A home equity loan is a type of loan that allows homeowners to borrow money using the equity they have built up in their home as collateral. If you are looking for synonyms for the phrase "home equity loan," some other common terms include a second mortgage, a home equity line of credit (HELOC), and a property-equity loan. Depending on your specific financial needs and goals, different types of home equity loans may be more appropriate. For example, a HELOC allows you to borrow money as you need it, while a traditional second mortgage provides a lump sum of money upfront. Regardless of which type of loan you choose, it is important to choose a reputable lender and carefully consider the terms and conditions of the loan before signing on the dotted line.
