BANK
A mortgage Rose
Loan
The only way to buy a house without having a loan is if you have enough money to pay for the house outright. Otherwise, the only other option would be to rent a house from someone rather than buy it.
People who can't save or don't want to save often get a loan to buy something. people who want to buy expensive items like a house usually get a loan.
yes, if you don't have savings to pay with.
yes.
Loan
I'm not an expert but I know that the government help servicemen get a loan or give them a loan if they want to buy a house. It is called a military loan.
A Realtor
No. A mortgage is a form of loan to buy a house. As with any form of loan, if you can't keep up the payments, your bank/building society can reposess the house.
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