A home loan is a type of mortgage that allows you to borrow money from a lender to purchase a
home. Home loans are typically secured by the property itself, which means that the lender
can seize the property if you default on your loan.
There are several types of home loans available, including:
When you apply for a home loan, you will need to provide information about your income,
credit history, and assets, as well as the property you are planning to purchase. The lender
will use this information to determine your eligibility for a loan and the terms that they
are willing to offer.
It is important to carefully review the terms of any home loan before you accept it, as you will be responsible for paying back the loan according to the terms agreed upon. This may include making monthly payments for a set period of time, paying closing costs, and paying interest on the loan