Home Loans Definition
ContentsHome equity loan consumerCommercial loans form 3271.47 1/01Larger home improvementsSection 32 mortgageshome loan - a loan secured by equity value in the borrower's home equity credit line, home equity credit, home equity loan consumer credit - a line of credit extended for personal or household use loan - the temporary provision of money (usually at interest)A mortgage larger than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.Interest-Only Loans Older borrowers stuck on interest-only mortgages have been offered what could become a lifeline by Britain's biggest building society Nationwide. The lender is the first major mortgage provider in the.Definition of 'Home Loan' A sum of money…