sep 23 2009 marketing chiq montes
A commercial mortgage is a mortgage taken out against business premises. The business property acts as security for the loan, to be acquired by the lender in the event of non-payment. The mortgage itself could be used for any purpose, not necessarily the purchase of property as is common in conventional residential mortgages. Applications for [...]
sep 23 2009 marketing chiq montes
A mortgage is, of course, a type of loan and the lender of the amount originally borrowed becomes a creditor. From a lender’s point of view, acting as creditor in a mortgage arrangement carries both advantages and disadvantages compared to other more conventional loan types. On one hand, the borrower has greater defined legal privileges [...]
sep 23 2009 marketing chiq montes
In relation to mortgages, equity is defined as the market value of a property less the amount still owed on the mortgage. Property prices are constantly changing. Many homeowners find themselves in the happy situation of living in a property which is currently worth more than they paid for it. In this case, they are [...]