Heloc lenders Meaning and Definition
HeloC Lenders
Pronunciation
/ˌhiˈloʊ si ˈlɛndaʒərs/
Part of Speech
Noun
Definition
A type of lender that offers a home equity line of credit (HELOC), allowing borrowers to access a portion of their home’s equity as a revolving line of credit.
Etymology
The term “HeloC Lenders” is derived from the combination of the words “home equity” and “line of credit”.
Usage Notes
HeloC Lenders are commonly used by homeowners who need access to a large amount of capital for home improvements, debt consolidation, or other financial needs.
Cultural References
HeloC Lenders have been featured in several popular financial documentaries and books, including “The Wealthy Barber” and “The Power of Now.”
Idiomatic Expressions or Phrases
- “Tap into your home’s equity with a HeloC Lender”
Related Words or Phrases
- Home equity loan
- Line of credit
- Mortgage
Collocations
- HeloC Lenders and mortgage refinancing
- HeloC Lenders and home renovations
Frequency of Use
HeloC Lenders are a common type of financial institution used by homeowners, with an estimated prevalence of 10% of the population.
Common Misspellings
- Holey loan
- Heloc lendor
- HeloC Lenderz