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PamQueue Posted 15 years ago
Grammar

Loan On

http://www.nytimes.com/2007/09/20/business/20stranded.html?pagewanted=all

"To make ends meet, she and Tim took out a loan on their house. "

What is "took out a loan on"? Maybe they meant "took out a loan for"?
  

Top answer

No. 'On' is correct. They remortgaged it.

  • No.
  • 'On' is correct.
  • They remortgaged it.
  • They borrowed money and put up the house as collateral.
  • If they don't repay the loan they lose their house.
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1 Answers
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No. 'On' is correct. They remortgaged it.

They borrowed money and put up the house as collateral.

If they don't repay the loan they lose their house.

Rover

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