Back to photostream

home loan stock images

Feel free to use this image in whatever way you want! I would be grateful for a credit link to www.aboblist.com. Thank you!

 

When you hear the phrase "American Dream," what is the first image you imagine? Owning a home. For most of us, saving up all the money needed to purchase your dream home is probably out of the question.

 

So for most of us, Applying, qualifying then securing a home loan from a bank or lending institution is typically the way one goes about purchasing a home or property.

 

To qualify for a home loan, the lender usually reviews the borrowers credit history, sources of income and collateral. Once reviewed the bank provides you with a loan amount you are capable of repaying.

 

Once you purchase your property, you are expected to pay back over a period of time the original amount of the loan plus interest. In the end , you get to keep the property which can be later sold for a profit or as an inheritance.

587 views
1 fave
0 comments
Uploaded on June 23, 2016
Taken on June 22, 2016