home loan
home loan · home loans
Baukredit, Immobilienkredit
A loan taken for the purpose of purchasing a house, or other type of residential propertyA loan taken for the purpose of purchasing a house, or other type of residential property.
» Six percent home loans represent the industry average now.
Meaning
1 senses(countable)A loan taken for the purpose of purchasing a house, or other type of residential property.
Immobilienkredit, Baukredit
More definitions
- a loan secured by equity value in the borrower's home
Examples
2 sentencesSix percent home loans represent the industry average now.
A slightly lower interest rate could save thousands of dollars over the life of a home loan.
Translations
3 languagesDeutsch
By meaning 1
mortgage on a house:
Forms
plural: home loansSynonyms
3 synonymsClose in meaning
- a loan secured by equity value in the borrower's home:home equity credithome equity loanequity credit line