Share this entry

Share this page

home loan

Line breaks: home loan

Definition of home loan in English:

noun

A loan advanced to a person to assist in buying a house or flat.
Example sentences
  • 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:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day raconteur
Pronunciation: ˌrakˌänˈtər
noun
a person who tells anecdotes skillfully and amusingly…