A loan against property (LAP) helps utilize the locked-in value of the property for personal or business use. The facility is available for up to 10 years. The foremost requirement for LAP is that the property under mortgage needs to be in the borrower’s name. LAP is an ideal financingContinue Reading
Can you transfer a mortgage? When you sell a home or one of the owner’s moves, it might make sense to transfer the mortgage to the new owner. Instead of applying for a new loan, paying closing costs, and starting over with the higher interest charges, the homeowner will onlyContinue Reading
Buying a home is a big event since it is a considerable investment and once in a lifetime opportunity for most people. And more often than not, people require a mortgage to buy a house. The catch is that, just like how it is a considerable amount for the borrowers,Continue Reading