What is a Home Loan? A Comprehensive Guide to the Loan Process
Rameshkumar0127 Nov, 2024Finance
One kind of secured loan is a home loan. Collateral is the property that was purchased with the funds. The property is transferred to the borrower's name after the debt has been fully repaid. However, in the event of default, the lender may sell the pledged property to recover the loan until the borrower has paid off the debt.
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