home loan

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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 ?
Bajaj Finserv also allows its customers to apply for a home loan with minimum documents like identity proof, address proof, income details and bank statement.
With the addition of Banc Home Loans, Caliber will have a salesforce of more than 1800 across more than 340 retail locations throughout the United States.
A joint home loan will allow you to get a higher loan as the income of co- borrowers will be considered.
In 1992, depository institutions originated about 60 percent of home loans of all types; independent mortgage companies or the mortgage company affiliates of depository institutions originated the rest.
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae.
Customers availing a home loan from Bajaj Finserv can avail a three EMI holiday which allows the customer to start repaying the loan three months post the disbursal.
ICICI Bank & Axis join home loan rate cut war I CICI Bank, Axis Bank and mortgage lenders Indiabulls Housing Finance ( IBHFL) and DHFL reduced home loan rates for both existing as well as new borrowers following in the footsteps of bigger rivals HDFC and State Bank of India ( SBI).
HMDA data have long been the primary source of public information about the geographic distribution of home loans originated and purchased by financial institutions.
Ghana Home Loans Limited is managed by a team of local entrepreneurs experienced in venture capital, real estate and finance.
Customers availing a home loan from Bajaj Finserv can avail a 3 EMI holiday which allows the customer to start repaying the loan three months post the disbursal.
You are essentially getting a new home loan so be prepared for lots of paperwork.
One Easy Fee Home Loans offers consumers an easy-to-navigate Website to shop and compare loan products with an instant quote or complete an entire loan process online.