Savings and Loans are financial institutions that primarily focus on accepting deposits from customers and providing them with loans, especially for purchasing homes. They encourage people to save money by offering interest on their deposits, which helps individuals build wealth over time. These institutions play a crucial role in the housing market by making it easier for people to obtain mortgages. In addition to home loans, Savings and Loans may also offer other financial services, such as personal loans and savings accounts. They are often community-oriented, aiming to support local economies by lending to residents and businesses. This helps foster growth and stability in the neighborhoods they serve.