All You Need to Know About Home MortgageHow to Save Dollars on Your Home MortgageUnlike commercial or industrial property, a home mortgage is a loan provided by the mortgage company, a bank, or other financial institution to purchase a home-either a primary residence, a secondary residence, or an investment residence. In a home mortgage, the property owner (the borrower) transfers title to the lender to understand that the title will be returned to the owner once the final loan payment is made and all other mortgage terms are met.One of the most common and one of the most recommended types of debt is a home mortgage. Because mortgages are secured debt, they have lower interest rates than almost any other type of loan available to an individual consumer. There is an asset (the home) that serves as collateral for the loan.Buy This Book For More Details.
- | Author: Rs Johnson
- | Publisher: Independently Published
- | Publication Date: Aug 11, 2021
- | Number of Pages: 44 pages
- | Binding: Paperback or Softback
- | ISBN-13: 9798454439606