Friday 7 December 2007

Mortgage.....!

The word mortgage simply means a loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender (mortgagee) a lien on the property which is the guarantee or security that you'll repay the money you've borrowed for the loan...
Mortgage are of different types and you van keep any of your property as a mortgage but it should depend on the amount of loan that you are taking and the purpose for which you are taking it.
According to the normal rules of mortgage a lender or mortgagee will provide you a specific amount of money against your own property and the value of the mortgage property should be same or more than the amount of money you are taking as a loan..

Mortgage does not means selling your property during the mortgage period you can normally use the your mortgaged property but all your legal papers and document should be kept to the mortgagee and when you repay the total amount which include (the loan along with the interest i.e the total amount) then only you will be given back all your document ....

for example if you are planning for a new business and you do not have enough money in your hand, in that case you can keep your house, car or land as a mortgage to take some lone but as stated earlier it's value must match with the amount of money you are taking..

Regarding the mortgage of your property one thing you must keep in mind that you select the mortgage that is right for you, your future plans, and your financial state..
If you are worried about whom to contact for your loan against a mortgage then you are in the rite place here just click this link re-mortgage and you will be taken to the rite palace and their representative will guide you for your loan ...
Or click here for a cheep mortgage..


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1 comment:

Sid said...

u luk proffesional man!!!

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