A #homeloan, also known as a mortgage, is a #financial arrangement that allows individuals to purchase a home by borrowing #money from a lender. This #loan is typically repaid over an extended period, often 15 to 30 years, with #interest. The purchased home serves as collateral, and if the borrower fails to make payments, the lender may take possession of the property through a process known as foreclosure. #Homeloans make homeownership more accessible by enabling people to spread the cost of a #home over time instead of paying the full price upfront.
https://www.investkraft.com/home-loan
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