real estate loans
Home purchase debt
Real estate loans are loans secured by property—land or buildings.
The borrower pledges the real estate as collateral, meaning the lender can seize it if payments aren't made.
Mortgages are the most common type, but the category includes home equity loans, construction loans, and commercial property financing.
The bank's real estate loans totaled $2 billion.
- borrowerOne who takes temporarily
- mortgageSecured home loan
- promissory noteWritten debt obligation
- deed of trustLoan collateral agreement for property
- escrow accountNeutral fund holding
lender · lien · property appraisal · fixed-rate mortgage · refinancing · monthly payment · title company · underwriting · down payment · good faith estimate · closing costs · servicer · repayment schedule · principal balance · foreclosure process · guarantor · prepayment penalty · investor
real estate loansunsecured loans
Credit without collateral
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