Home loans or mortgages are a great solution to have financial funds. This is the type of loan that financially aids every individual regardless of the motive or purpose behind borrowing. One of the reasons why people apply for home loans is to have the budget to buy properties where they can live.   A house is very essential which is considered the human's most basic necessity. Everybody deserves a great place where he can find peace, relaxation, comfort and protection. All people must have homes to use as resort against nature catastrophes and safe place against possible crimes. In short, a home is where one can live with security and comfort. That is how important it is to have a home you can live in.   As long as reality is spoken, owning a house is not that easy for some people. They could not have all the financial means to buy lot and construct homes. So the best way to help you own a home is to get mortgage. This can surely make your dream home come true.   When applying for home loans, people need to know and be aware of the risks, conditions and requirements involved. Every applicant must present requirements needed by loan providers in order to be qualified as a borrower. If you are opting to lend funds through mortgage, be sure that you meet the necessary requirements and qualifications of a borrower.