Indian Money Reviews & Complaintsby indian money Financial advisors,Health insurance
As per Indian Money Review You get cash up front and then make payments over a period of time through EMIs. The bank/lender has possession of the original property documents till you repay the loan. Recommended Features
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Review on Indian Money Reviews & ComplaintsA mortgage loan is a type of loan where property/real estate is the collateral. It is pledged to borrow money. You/borrower have to enter into an agreement with the bank. As per Indian Money Review You get cash up front and then make payments over a period of time through EMIs. The bank/lender has possession of the original property documents till you repay the loan.
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Indian Money Mortgage Loan Interest rates, Eligibility & Calculator - Reviews & Complaints
Types of mortgage:
In a simple mortgage, the mortgagee (This could be a bank/lender), does not enjoy possession of the property. The mortgagor (one who pledges the property), makes a legally binding agreement to repay the mortgage. The mortgagor gives the mortgagee the right to sell the property, to recover the dues.
Repayments depend on type of interest rate which may be fixed or floating rate. Fixed rates mean payments remain constant across loan tenure. Floating rates change with market rates.
Read more: Mortgage Loan Interest rates, Eligibility & Calculator
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Created on Nov 3rd 2018 02:46. Viewed 340 times.
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