How does a loan work?

• loan money
• money loan
• money to loan
• send money online using bank account
• how to save money in bank account
• secured loans to build credit

1) Do you take out a loan that is the exact amount that the house costs? or can you take out more than that?


2) If you want to buy land and build on it, can you take out a loan just to buy the land, pay that off, and then take out another loan to build the house?


3) Can you take out a loan to use to buy the land AND build?

How does a loan work?