A home equity loan is a loan in which the equity in a home serves as security.

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A home equity loan is a type of loan where the borrower uses the equity in their home as collateral. The equity is the difference between the value of the property and any outstanding mortgage or other loans secured against the property. This type of loan allows homeowners to borrow money against the value of their home, usually with lower interest rates than unsecured loans or credit cards.

A Home Equity Loan Is a Loan in Which the Equity