home loans

Borrowing for property

Home loans are money borrowed to purchase residential property, with the property itself serving as collateral.

The term is essentially synonymous with mortgage, though home loan sounds less formal and appears frequently in advertising: Compare home loan rates from multiple lenders.

Home loans may also cover refinancing an existing mortgage or borrowing against home equity.

Opposites
housing payment type

home loansrent

Payment for temporary use

rental payments · renting · rent payments · leasing · apartment rent

debt versus assets

home loanshome equity

Ownership portion of residence

savings · investments · cash reserves · liquid assets · nest egg

lending direction

home loansmortgage lending

Financing for property purchases

mortgage payoff · real estate investment · property investment · home equity · loan repayment

Family

home, loan, mortgages, mortgaging, mortgagees, remortgages, home loan

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Top 50,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G