Loans and Lines of Credit on the Liquid Value of the Property

This type of product allows you to acquire loans against the liquid value of your home. In most cases, these funds are used to renovate your home, consolidate credit card debts, pay for college expenses and any other investment or financial need that arises.
• Loan Against Property Dehradun on the Liquid Value of the Property - Receive the funds in full with a fixed monthly payment according to the terms of the loan.
• Line of Credit on the Liquid Value of the Property - Use funds from that line as you need them without exceeding the credit limit. The interest rates are very competitive. This product has a variable interest rate.
If you are thinking of applying for a loan against property in Dehradun, one of the options you have is to use your home as collateral. In that case, it is good that you know what the requirements to mortgage a house are.

Personal credit of free availability is one whose capital can be used as you wish. That is, there is no specific limitation of use as if it exists in the credits granted for purchases of real estate. It is possible that you obtain credit with that characteristic if you use your own property as a guarantee of payment.
Currently, there are many people who are opting for this type of credit, placing their homes as collateral. This operation is commonly known as mortgaging a home, although the name of the loan is a personal loan with a mortgage.
Keep in mind that when placing your home as collateral there is a risk of losing it, if you fail to pay. Therefore, you should analyze with caution if this option is really the most convenient for your family.

What are the requirements to mortgage a house?
The general requirements required to apply for a personal loan with a mortgage guarantee are the following:
• The home you give as a guarantee must be your property.
• It must be finished; that is, it cannot be under construction.
• The home you place under warranty must have its Factory Declaration and Independence, duly registered in the public registry.
• Of course, said housing cannot be given in guarantee in other current loans.
• Then, each financial institution places a series of additional special requirements, according to its own credit policies. Among the factors considered, are:
• Age: There is a minimum age limit and a maximum age limit at the time of application. There is also a maximum age limit at the time of payment of the credit.
• Income: A minimum income is established, both for salaried employees and non-salaried employees.
• Home insurance: Aside from credit insurance, you must ensure the home. In some cases, against fire and in others, at all risk.

Are you in need of the loan against property in Dehradun? Please visit our website and fix your meeting with the loan advisor team member. Member will visit, listen to you, and recommend the best product according to your need.

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Created on Jun 25th 2019 07:31. Viewed 277 times.

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