Please find today's clue from "7 Little Words" puzzle and the clue ("bank giving a loan on a home").
Check the clue first and find the hints hidden in the puzzle. Let us gather the related details that will help us find the correct answer to the crossword puzzle. Then we will make a list of the possible answers for the "bank giving a loan on a home" clue here below.
Understanding Today's Crossword Puzzle
The clue for today's crossword puzzle is "bank giving a loan on a home," and the answer is "MORTGAGEE." In this paragraph, we will explain why this clue corresponds to the answer.
1. Loan: The clue mentions a loan, which indicates a financial transaction involving the lending of money.
2. Bank: The clue specifies that the loan is provided by a bank. Banks are reputable financial institutions known for offering various types of loans to individuals and businesses.
3. Home: The clue refers to a home, suggesting that the loan is directly related to residential properties.
Combining these three elements:
When individuals or families decide to purchase a home, they often cannot afford to pay the full price upfront. In such cases, they seek financial assistance from banks or other lending institutions to cover the cost of the property. The loan provided by the bank specifically for purchasing a home is known as a mortgage. The bank becomes the "MORTGAGEE," as clearly stated in the answer.
Summary:
The clue "bank giving a loan on a home" cleverly points towards the answer "MORTGAGEE" by highlighting the connection between a financial institution (bank), a specific type of loan (mortgage), and the purpose of the loan (to buy a home). This fitting answer completes the crossword puzzle.
Definition of "MORTGAGEE"
the lender in a mortgage, typically a bank, building society, or savings and loan association.
The Crossword clue "bank giving a loan on a home" published 1 time/s & has 1 answer/s.
| Crossword | Date | Answer |
| 7 Little Words | 5 December 2018 | MORTGAGEE |
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