Real Estate Loan-Understanding Real Estate Loan is used by many to buy their homes. Real estate loans have been instrumental in making it affordable to bring happiness to humans. Many real estate investors often use mortgage loans to buy property. Nevertheless, real estate loans are not free money, so anyone who buys property or wants to buy property using real estate loans must grasp the definition of real estate loans clearly.

Real estate loan (also known as mortgage) is money you borrow for the purchase of property from someone (a financial institution, i.e. a mortgage lender). The real estate loan usually covers half of the purchase price, and you have to pay up front for the remaining part, i.e. as down payment. The amount you have to pay as a down payment (i.e. the percentage of the total purchase price) depends on a number of factors, and by applying for mortgage insurance you will usually minimize it to 5 percent.

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