Home Loans

Home Loans

Posted On 2015-09-13 12:21:04

A borrower needs to give a collateral, commonly known as interim security, for the period between the time a bank gives him a loan and the time he deposits the full security for his loan, which may be under mortgage elsewhere. With the high prices of property and unaffordable interest rates on loans, opting for a home loan has become a tough call for many. As home loans are secured loans, banks demand collateral in the form of property mortgage..

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