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A mortgage

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Q: What is a loan made to purchase real estate or land called?
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What is a loan to buy a property called?

A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. JLM Property


What is a mortgage loan used for?

A mortgage loan is used to purchase real estate, usually a home.


Can a construction loan include the cost of the land?

I think construction loan includes the cost of the land,it's better to consult real estate person


Is a mortgage used to purchase real estate?

Yes. A mortgage is a loan that is secured by real property.


What is a loan for the purchase of a home called?

mortgage


What is it called when property is pledged to assure repayment of a loan?

That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.


What is a type of loan that is used to buy real estate?

A loan used to buy real estate is a mortgage.


What do loan proceeds cover in real estate?

What are loan proceeds


If you are the executor and heir to an estate with no will can you take a loan against the said estate property?

If you are the executor and heir to an estate with no will, you can you take a loan against the said estate property, but not right away. Lenders typically will not give you a loan on a piece of property until it is in your name.


What is meant by a mortgage?

A mortgage is a loan with your real estate as security for the loan. If you fail to make regular repayments of the loan the lender can take possession of the real estate and sell it to repay the loan.


How much can you get on an fha loan?

The FHA programs are a great way to purchase a home,with limited funds or credit. The limits for an FHA loan will vary from state to state as the cost of rea estate changes with location.


Do you have to pay for loan if parent died with no insurance on loan?

The estate must resolve the loan.