Sunday, July 22, 2018

Land

Home is a fixed asset which appreciates over time with the boom in the real estate market. In case of loan requirement, one can avail a loan against property by mortgaging a property.
What is Second Mortgage Loan?
0
star antil.alisha 4 days ago
In case of emergency financial requirements, how long will one wait to take another loan on the same property? The answer is not too long. By resting on the home equity, refinancing is possible. The option of second mortgage loan eases this requirement of funds. Let's understand this concept with an example. A person avails Mortgage Loan popularly called loan against property. The loan amounted to Rs. 30,00,000 for which, he regularly paid EMIs. Till date, Rs 10,00,000 out of the loan amount is already paid, and the current valuation of his property is Rs 50,00,000. The initial loan of Rs. 30,00,000 is the first mortgage loan. Market value - Balance of first mortgage loan = Home equity.         In this scenario, home equity is Rs. 30,00,000. Based on this home equity, the homeowner can avail another loan on the same property, popularly known as a second mortgage loan. Hence, one can avail a second mortgage on the same property to...
Wednesday, Jul 18, 2018 Rated 0 out of 5 stars based on 0 votes  read more...  reviews [0]
Please do not Publish Multiple Articles on same subject. Authors with Good Articles will be granted instant publishing privilege. For Detailed Submission Guide view our About us page at footer section. Inappropriate Articles, Spam Articles will be turned down.
Trending Stories
1
What is Second Mortgage Loan?
Wednesday, July 18, 2018, 4 days ago
Sponsor
Reviews
CarolMiller CarolMiller - This one is fantastic, i hope you would need this to look more appealing to your Partner! How to Get Rid of Dandruff Saturday, Jul 21, 2018, 10:06:06, 15 hours ago
rainforestitaly rainforestitaly - Your ideas are superb, can you provide us more ideas like lighting for kitchen windows.
Tuesday, Jul 17, 2018, 01:37:16, 5 days ago
spotifywebplayer spotifywebplayer - The article you have shared here very good. This is really interesting information for me. Thanks for sharing! - spotify web player
Friday, Jul 13, 2018, 03:52:10, 1 week ago
mohammadmoin mohammadmoin - Dubai is one of the most popular travel destinations.
Thursday, Jul 12, 2018, 05:31:45, 1 week ago
msiddiqueer msiddiqueer - Until 2 weeks ago when my dermatologist suggested that I try MelasmaI was at the point to where I was so discouraged and depressed I was at my point that I just didn't even want to try. I thought...
Wednesday, Jul 11, 2018, 13:23:36, 1 week ago
Jannefir Jannefir - The Lights of the world is very good. But in this article i had found very good information ..... Thanks for sharing. Tuesday, Jul 10, 2018, 03:14:04, 2 weeks ago
prakashgadri prakashgadri - Dynapost security camera company is provide the best security cameras.
Tuesday, Jul 10, 2018, 00:56:11, 2 weeks ago
mapquest mapquest - finding driving directions, maps,route planner,mileage on
Friday, Jul 6, 2018, 07:34:27, 2 weeks ago