LOANS FOR HOUSE PURCHASE


Meaning of LOANS FOR HOUSE PURCHASE in English

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.

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.