Housebuyer’s debt Crossword Clue

Housebuyer’s debt Crossword Clue Answer

Players who are stuck with the Guardian Quick Housebuyer’s debt Crossword Clue, Check out the expert answer here. The Guardian Quick Crossword is a popular crossword puzzle featured in The Guardian newspaper. It's a daily crossword puzzle that's known for its straightforward clues and relatively quick solving time compared to some more challenging crosswords. Housebuyer’s debt Crossword Clue This clue was last seen in the Guardian newspaper on October 22, 2024.

Answer for Housebuyer’s debt Crossword Clue

The MORTGAGE is the answer for Housebuyer’s debt Crossword Clue.

Answer Explanation

Housebuyer’s debt Crossword Clue Answer is “MORTGAGE”.

A mortgage is a type of loan specifically designed for purchasing real estate, typically a home. When a housebuyer takes out a mortgage, they borrow money from a lender, usually a bank or financial institution, to cover the cost of the property. In exchange, the buyer agrees to repay the loan amount, along with interest, over a specified period, often spanning 15 to 30 years.

The property itself serves as collateral, meaning that if the buyer fails to make the required payments, the lender has the right to foreclose on the property and sell it to recover the outstanding debt. Mortgages are essential tools for many individuals, enabling them to acquire homes without having to pay the full purchase price upfront.