While a term more often used in the United States than in Canada, a home loan is a generic term for any financial loan that is secured by the equity in a borrower's home.
In Canada home loans most frequently take the form of mortgages, home renovation loans, home equity lines of credit and reverse mortgages. Each uses the borrower's home as collateral to reduce the lender's risk.
To find the right home loan type for your needs, consult a home finance expert and start by using our Find a GURU search tool.