| 释义 |
home loan
home loan n (Banking & Finance) an informal name for mortgage1 Thesaurus| Noun | 1. | home loan - a loan secured by equity value in the borrower's homeequity credit line, home equity credit, home equity loanconsumer credit - a line of credit extended for personal or household useloan - the temporary provision of money (usually at interest) |
TranslationsEncyclopediaSeemortgagehome loan
MortgageA 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
Related to home loan: home equity loanSynonyms for home loannoun a loan secured by equity value in the borrower's homeSynonyms- equity credit line
- home equity credit
- home equity loan
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