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    In its simplest definition, home equity loan means using your house equity as collateral in order to borrow money. Collateral means your house will act as a guarantee. In the case if you cannot pay the loan
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    oan means using your house equity as collateral in order to borrow money. Collateral means your house will act as a guarantee. In the case if you cannot pay the loa
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    ateral in order to borrow money. Collateral means your house will act as a guarantee. In the case if you cannot pay the loa
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    al means your house will act as a guarantee. In the case if you cannot pay the loa
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    ee. In the case if you cannot pay the loan or defaulted too long on payment, the lender has the right to sell the house to get back the loan.

    The word equity simply means how much the house is worth m

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