Definition of 'lilt'. Word Frequency. lilt (lÉªlt ) singular noun. If someone's voice has a lilt in it, the pitch of their voice rises and falls in a pleasant way, as if they were singing. Her voice is child-like, with a West Country lilt.
Home Equity Loans. A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term, just like your original mortgage. If you donât repay the loan as agreed, your lender can foreclose on your home.
Home equity is the portion of your home that you own, mortgage-free. You can determine how much equity you have by subtracting your mortgage balance from the value of your home. For instance, if you have a $100,000 mortgage balance and your home is worth $150,000, you have $50,000 in home equity.