Real estate loans are what many people use to purchase their houses. Real estate loans have been instrumental in giving people satisfaction by making an inexpensive house affordable. Some real estate developers also use real estate loans for property acquisitions. Real estate loans, however, are not free money and anyone purchasing real estate or intending to purchase real estate using real estate loans must understand the concept very clearly. The money you borrow from another (a financial institution, i.e. a mortgage lender) for the purpose of purchasing a property is a real estate loan (also known as a mortgage). Generally, the real estate loan covers a part of the purchase price and you have to pay the remaining portion upfront, i.e. as a down payment. The amount you have to pay as a down payment (i.e. the proportion of the overall purchase price) depends on a variety of factors and by going for mortgage insurance, you will normally minimize it to even 5 percent. There are many...