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HELOC

/ˈhiˌlɑk/ /ˈhiːˌlɒk/
noun
GeneralBusiness
  1. 1 konut kredisi limiti
  2. 2 ev kredisi limiti

Definition (English)

  1. A loan using home equity, often with a variable rate, allowing you to borrow as needed.
  2. A flexible loan against your home's value, with a credit line you can draw from.

Example Sentences

  1. She opened a HELOC to pay for college.
    Kolej masrafları için bir HELOC açtı.
  2. Interest rates on HELOCs can change.
    HELOC faiz oranları değişebilir.

Synonyms

home equity line of credithome loanmortgage credit

Antonyms

savingsdeposit

Collocations

apply for a helocheloc interest rateheloc loanheloc balanceheloc paymentheloc limit

Related Words

loaninterestmortgagecreditdebtequity