housing-loan

Vocabulary Word

Definition

A 'housing loan', also known as a mortgage, is money lent by a financial institution to help a borrower purchase a house. The loan is paid back, usually monthly, with an added amount called interest.

Examples in Different Contexts

In real estate investment, obtaining a 'housing loan' is a common method to finance the purchase of rental properties or homes for flipping. An investor might say, 'Leveraging a housing loan can increase your investment portfolio, but it's important to carefully consider the loan's terms and your ability to repay.'

Practice Scenarios

Real Estate

Scenario:

We have a variety of properties that would be perfect for a young family. Let's discuss financing options to make this dream a reality.

Response:

That sounds good. I’m eager to know more about the housing loan options available to buy a house.

Finance

Scenario:

There has been an upward trend in the real estate sector in the last quarter. This can have a significant impact on the overall economy.

Response:

The surge in housing loans and its impact on the economy is indeed interesting. I’d love to delve deeper.