Definition of home loan in English:
A loan advanced to a person to assist in buying a house or condominium.
- If you have a home loan, refinance your mortgage to lower your payments.
- For example, some lenders allow consumers to obtain home loans or refinance mortgages on the basis of assets rather than credit rating.
- Whenever you're free to move your home loan without paying excessive penalties, shop around for a better rate.
Definition of home loan in:
- British & World English dictionary
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