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home loan

home loan

16 2.6
Money you borrow to buy a house that the bank can take if you do not pay
  • noun
  • /hoʊm loʊn/
translation icon : hipoteca
  • McDonald and her husband, Eric, have qualified for government home loan assistance for low-income buyers.
  • refinance a home loan
  • get a home loan
  • home loan interest

OK, car loans, home loans cheaper, that's good.

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Examples

  • Many first-time homebuyers choose basic home loans, which have no special benefits or features adding to the cost.

    Blog text (20)
  • The bank says he hasn't made his payments for his home loan in three months.

  • Every one of them was turned down for a home loan by three different lenders.

  • Along with different lenders, there are many different home loans available on the market today.

    Blog text (20)
  • I have people applying for home loans every day.

    Fiction book (1995)
  • Will I be able to get a home loan/mortgage under these circumstances?

    Blog text (16)
  • There are several other types of home loans, including balloon payment mortgages.

    Blog text (20)
  • We bought the house in 2005 with a 30-year fixed, FHA-insured home loan in the amount of $138,000.00.

    Blog text (15)
  • Mechanisms are being debated to resolve the home loan default epidemic equitably.

    Blog text (6)
  • She applied for a home loan to buy her first house after years of saving.

Synonyms

mortgage
vshome loan
  • Specialized
526 5.4

A loan to buy a house where the bank can take the home if you do not pay

is secured borrowing for a borrower's dwelling and may include refinancing
mortgage loan
vshome loan
  • Specialized
8 3.2

A loan to buy a house or other property that you pay back over time

is specific to the borrower's dwelling and also covers refinancing
real estate loan
vshome loan
4 3.3

Money you borrow to buy or build property that the bank can take if you do not pay

is for a borrower's dwelling purchase or refinancing rather than development

How Secured

mortgage
  • Specialized
526 5.4
home loan
16 2.6
unsecured
  • Specialized
12 6.8

Surface Forms

home loan singular
home loans plural

Morphology

home + loan

The meaning 'a loan relating to a home' is directly and transparently derived from combining 'home' (house/residence) with 'loan' (amount borrowed). This noun-noun composition is a regular, cross-linguistic pattern and a B1 learner who knows both words will readily infer the basic sense (technical distinctions like 'mortgage' do not prevent comprehension).

Etymology

Home loan: The compound noun home loan combines home (a house) and loan (money you borrow). It comes from the simple idea of borrowing money to buy a house, often with the house used as a promise to the bank if you cannot pay, so today it means 'a loan for a house'.