loans for house purchase

What is loans for house purchase?

loans for house purchase definition and meaning on Finance terms:
Credit extended to households for the purpose of investment in housing, including building and home improvements. Included are loans secured by residential property (i. e. mortgage loans) that are used for house purchase and, where identifiable, other loans for house purchase provided on a personal basis or secured by other types of asset. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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