home loan - Meaning in Malayalam
home loan - Meaning in Malayalam
noun
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Definitions and Meaning of home loan in English
home loan noun
- a loan secured by equity value in the borrower's home
Synonyms
equity credit line, home equity credit, home equity loan
Synonyms of home loan
Description
A mortgage loan or simply mortgage, in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
Also see "Mortgage" on WikipediaWhat is home loan meaning in Malayalam?
The word or phrase home loan refers to a loan secured by equity value in the borrower's home. See home loan meaning in Malayalam, home loan definition, translation and meaning of home loan in Malayalam. Find home loan similar words, home loan synonyms. Learn and practice the pronunciation of home loan. Find the answer of what is the meaning of home loan in Malayalam.
Other languages: home loan meaning in Hindi
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What is home loan meaning in Malayalam, home loan translation in Malayalam, home loan definition, pronunciations and examples of home loan in Malayalam.