Real Estate Loan (Noun)
Meaning
A loan on real estate that is usually secured by a mortgage.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank specializes in offering real estate loans to first-time homebuyers with competitive interest rates.
- Applying for a real estate loan can be a lengthy process requiring a lot of paperwork and financial documentation.
- To qualify for a real estate loan, borrowers typically need to meet strict credit requirements and provide proof of income.
- Real estate loans can be customizable, offering a range of options such as fixed or variable interest rates and repayment terms.
- The business owner opted for a commercial real estate loan to purchase the office building and expand their operations.