Talk:home loan

RFD discussion: May–December 2020
SOP. Since a loan contract is not agreed upon without economic purpose (else what has passed from the lender to the loanee can be reclaimed according to the rules on ), so here the loan is for a home “one’s own dwelling place”. Like there are car loans, mine loans, and so on; the exaltation of one’s homestead doesn’t change anything in this. This page has been created for Chinese translations which may also be SOP, originally defining “home loan” as “mortgage” while a mortgage is a specific type of contract being a loan with an accessory pledge (an in-rem right splitting off the right to realize the value of the thing from the ownership right), which is not needs the case with the term “home loan”. So it does not appear to be a legally fixed term and there is in comparison no fixed term in German since there is in general nothing peculiar about such a loan, the general rules on and practices of loan contracts and the provision of securities apply; so one agrees upon a loan and or not but not necessarily upon a security consisting in a pledge on real estate. The Greek translation looks pretty much SOP too. The Finnish entry begs the question what the systematical construction in Finnish law is, the gloss with both “mortgage” and “home loan” and the claim “in English ‘mortgage’ is a wider concept than asuntolaina” lets the presumption arise that its author,, had too little of an idea of  and  to actually put into English what it is. Fay Freak (talk) 17:00, 5 May 2020 (UTC)
 * Keep. A well set phrase, and one used as readily for the purchase of a house one does not intend to use for living in (i.e., not a "home") as for a condominium or other unit that is not a "house", and therefore might not be defined as a "home". bd2412 T 19:35, 5 May 2020 (UTC)
 * “Home” is not defined as “house”. For example in the Wiktionary definition it is “a house or structure”. Why the condominium should change anything I see not. If that is the example for something that is not a home than I say that a condominium is a home, like a retirement home. Of course one may also take loans for speculation to sell homes to others, so it is not necessary that one oneself intends to live in it, but it is implied that with the money a home is made. And businesses may have a home. So if like you seem to suggest it is also for real estates becoming the objects of commercial rent, it only shows how colourless the term is and still SOP. And still, the types of (home) loans may be extended at pleasure, any reasons why not to create the following terms? home purchase loan, house improvement loan, house construction loan, land purchase loan, plot purchase loan, NRI home loan? Freedom of contract is what makes these names, it is not an idiomatic set phrase but a naturally occurring collocation. Fay Freak (talk) 20:02, 5 May 2020 (UTC)
 * Meriam Webster defines the term as the borrowing of money "to buy property (such as a house)". bd2412 T 05:03, 6 May 2020 (UTC)
 * Because one avoids to define terms with themselves. Fay Freak (talk) 10:46, 6 May 2020 (UTC)
 * Then they could have just said the borrowing of money "to buy a house". bd2412 T 19:08, 2 December 2020 (UTC)
 * Keep. It's in the OED. ---&#62; Tooironic (talk)
 * Keep. The fact that it has an alternative form as one word—unlike *mineloan and *carloan (~150 Ghits but only one meaning an actual car loan)—and the fleet of lemmings militate in favour of it being a fixed phrase to me. Btw, the OED lists another (dated?) definition as "a government loan raised in the home country rather than abroad" with examples, which should also be included. —Nizolan (talk) 18:46, 17 May 2020 (UTC)
 * Absolutely keep - Dentonius (my politics | talk) 15:52, 4 October 2020 (UTC)

RFD kept &mdash; Dentonius 09:33, 16 December 2020 (UTC)