Home Loans Resources

The following resources all relate to home loans and are a collection of website's which may be of interest to users of our site.

DEFINITION OF HOME LOANS:

Also known as a mortgage, it is a lien that makes property security for the repayment of a debt, such as the one incurred upon purchase of that home

A home loan requires you to pledge your home as the lender's security for repayment of your loan. The lender agrees to hold the title or deed to your property until you have paid back your loan plus interest.

The funds the home buyer has to borrow (usually from a bank or other financial institution) to purchase the property, generally secured by a registered mortgage to the bank over the property being purchased.

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