Introduction: What Exactly Is a Home Equity Loan? If you’re a homeowner in the U.S., you’re sitting on one of the most powerful financial tools available: home equity loan. A Home Equity Loan lets you borrow money using the value you’ve built in your home. Think of it as turning your home’s equity into cash — without selling your house. And in 2026, with home values still historically high across the U.S., many homeowners are using home equity loans for reasons like: This guide breaks everything down in a simple, friendly way — like talking to a financially smart friend — so you understand how home equity loans work, how…