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The lender provides money to the borrower to purchase real estate, and in exchange, the borrower agrees to repay the loan, plus interest. The mortgage is secured by the real estate – for example, a home – so if the borrower fails to repay the loan, the lender can repossess the home through foreclosure and sell it to pay off the loan. 58%
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1. nab home loan. drawdown must occur between monday 17 june 2019 and Tuesday 31 December 2019 inclusive ("Offer Period"). Home Buying Bonus is only available to new and existing customers who drawdown a new loan or increase the limit of an existing loan by $250,000 or more into an eligible NAB Home Loan product.