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Housing loan is actually different from mortgage loan. It is a loan that is taken to purchase or construct a house. It may appear the same, but mortgage loan includes loan that is granted again security of a property.
It is money borrowed from a licensed money lender or a financial institution primarily a bank. This consist an adjustable or fixed interest rate and payment terms.
Madyson Hartmann
Wiki User
∙ 12y agoa house loan is where someone gives you a house but you have to pay back
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Can a home equity loan on one house be transferred to a new loan for a new house?
No
Where can one find a house loan calculator?
House loan calculators can generally be found on the websites of the companies that you want to get a house loan from, for example Bank of America or Chase.
Can a husband let the wife take over the loan of a house without her having rights to own the house?
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
What is the equaity loan on a new house?
An equity loan is where the bank gives the borrower cash for the loan amount. In return for the money the bank now owns that portion of the new house.
How do you get a 20000 loan until your house sells?
See a banker about a bridge loan
Can a home equity loan on one house be transferred to a new loan for a new house?
No
How do you do a bridge loan when there is no mortgage on one house?
How do you do bridge loan when there is no mortage on one house?
Where can one find a house loan calculator?
House loan calculators can generally be found on the websites of the companies that you want to get a house loan from, for example Bank of America or Chase.
If you default on a loan in UK can they take your house?
This will likely depend upon the type of loan you took out and whether or not your house was placed as collateral on the loan.
Are there any loan companies that will give you a loan for another house if you have not been paying the mortgage on your current house?
No.
Can a husband let the wife take over the loan of a house without her having rights to own the house?
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
When do home foreclosures happen?
Home forclosures happen when a person who has taken out a loan for the purchase of a house has defaulted on this loan. The house has become the collateral for the business providing the loan.
I want to fix up a house in Altus do you'll loan for that?
HSBC Premier Mortgage will provide the loan for fixing your house.
What is the equaity loan on a new house?
An equity loan is where the bank gives the borrower cash for the loan amount. In return for the money the bank now owns that portion of the new house.
How do you get a 20000 loan until your house sells?
See a banker about a bridge loan
Can a person with no credit get a loan for a house?
no
What is a loan to buy a house?
mortgage
