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.
An Explanation of Home Equity and the Related Loans. Home Equity is the amount of ownership that has been built up in a property. Typically, residential property is bought through a mortgage, which is then paid off for a number of years. After the mortgage has been fully repaid, the property then belongs to the mortgager, namely the buyer. In the interim, however, the buyer simply builds up equity in the home.