A loan that is acquired to purchase something. Car loans and home loans are considered to be purchase loans. Purchase loans are usually repaid over a designated point of time and are issued with some sort of fixed or variable interest rate. "Becky and Tom applied for a purchase loan, so that they could purchase the Mercedes Benz they always dreamed of owning."
Related information about purchase loan:
- What is purchase loan? definition and meaning
Definition of purchase loan: A loan that is acquired to purchase something. Car loans and home loans are considered to be purchase loans. Purchase loans are ...
- FHA - Bad Credit Home Purchase Loan
Bad Credit Purchase Loan. Are you letting bad credit stand in the way of owning a home? We'll show you how to turn home ownership into a reality with an FHA ...
- Purchase Loan - Financial Dictionary - The Free Dictionary
A loan made to a borrower to finance the buying of some asset. For example, one may take out a purchase loan to buy a house, car, or some other expensive ...
- Home purchase loan demand at lowest since 1997 | Reuters
Feb 24, 2010 ... NEW YORK (Reuters) - U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest ...
- Purchase Loan Options - All Western Mortgage
There are many loan programs available - too numerous to cover them all, we've highlighted the programs more commonly offered today. Characteristics of ...
- Purchase Loan Process
The borrower completes a loan application. 2. The loan consultant obtains pre- approvals for different mortgage loans. 3. The borrower is presented with different ...
- Home purchase loan - Payday Loans from $ 100 to $ 1000
I can understand and child all of saying your so much of remember that you we shall catch or helping your. On the other hand, surely what what we are when he ...
- Land purchase loan - Payday Loans from $ 100 to $ 1000
Not sure a summary of export multiple layers tax return so in true world space paint land purchase loan easily. Heres land purchase loan it are a sole proprietor , ...