What Is A Home Loan
Families, individuals and purchasers, use home loans to purchase a property or real estate. Since many people do not have hundreds of thousands of dollars lying around, a mortgage is a loan that enables you to cover the cost of a home. A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the home buyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.
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