What is another word for home mortgage?

Pronunciation: [hˈə͡ʊm mˈɔːɡɪd͡ʒ] (IPA)

A home mortgage, also known as a house loan or property loan, refers to a type of loan where a borrower borrows money to buy a home or investment property with the property serving as collateral. Other synonyms for home mortgage include a home loan, a property mortgage, a housing loan, and a real estate loan. These terms are used interchangeably to refer to the same type of financial instrument. The process of obtaining a home mortgage involves rigorous screening to ensure the borrower meets the lender's requirements, typically creditworthiness, employment, and income. Home mortgages are usually amortized, meaning the borrower pays back the loan through a fixed monthly payment.

Synonyms for Home mortgage:

  • Other relevant words:

What are the hypernyms for Home mortgage?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Home mortgage

  • Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.
    Scott Cook

Word of the Day

Ocular Disparity
Ocular disparity refers to the difference in perspective between the eyes, which allows for depth perception. The antonym of ocular disparity would be "ocular homogeneity," which r...