home loan


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to home loan: home equity loan

Mortgage

A loan used to buy real estate. A mortgage is secured by the property it is used to purchase. One must make monthly payments on a mortgage, and there is a set term before full payment is due, often 15, 20, or 30 years. Some mortgages have fixed interest rates, while others have variable interest rates. If one defaults on a mortgage, the bank making it may take possession of the real estate and sell it to recover its investment. Some banks, notably savings and loans, specialize in making mortgage loans. See also: Mortgage-backed security.

home loan

See mortgage.

References in periodicals archive ?
June 20 /PRNewswire/ -- Empowering women to move from the welfare roles to financial independence and productive and satisfying careers are the reasons why Federal Home Loan Bank of Pittsburgh came to West Virginia today, the Bank said.
th] anniversary of the Affordable Housing Program (#AHP25) but, with these awards, the Federal Home Loan Bank of Chicago has now invested in more than 100,000 housing units.
Some banks allow brothers to take a joint home loan provided they will both be co- owners of the property.
In July, 2002, HUD, with the power granted by the Real Estate Settlement Procedures Act, commonly referred to as Respa, set about to change the rules that cover various fees associated with obtaining a home loan.
The HMDA data show that by far the most common type of home loan requested by consumers during 1992 was for refinancing, which accounted for more than half of all home loan applications.
The Federal Home Loan Banks are owned by more than 7,700 members.
25 per cent ICICI Bank said that women borrowers and financially weaker sections will now get home loan at 9.
The 2014 AHP awards will assist in the acquisition, rehabilitation, and new construction of nearly 1,700 affordable housing units," said Suzi Thackston, Community Investment Officer, Federal Home Loan Bank of Chicago.
Viewed in another way, 46 percent of all black home loan applicants applied for either an FHA or a VA loan, while only 28.
The Office of Finance of the Federal Home Loan Banks today announced preliminary unaudited 2010 combined operating highlights.
In 2012, the Federal Home Loan Bank of Chicago is allocating $10 million for its DPP programs.
Riccobono served at both the Federal Home Loan Banks of Boston and Atlanta.