A loan is an agreement between a lender and borrower that involves the exchange of money in return for interest payments over some time. The lender will typically issue the loan, which can be used to purchase goods, and services, or to cover other debts. Three things to keep in mind when taking out a loan such as a Home Equity Loan: Budgeting and Terms and conditions. To acquire the most trusted loans, visit Brayden Hooper Mortgages.