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Old 12-25-2017, 01:42 AM
capitaworld capitaworld is offline
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Default What is mortgage loan?

Mortgages Loan

It is a collateral based loan where you mortgage your commercial or residential property and borrow funds against it. You donít have to sell the property to get the funds as bankís right on the property goes away after you repay the loan.


1. A mortgage loan definitely helps increase the buying capacity of people

2. Its a secured loan, so the interest rate on mortgage loans is lower.

3. When you take a loan, you do not have to repay the amount in one go. It can be paid in monthly installments.

4. A good credit score is guaranteed when you paying the money regularly.

5.Availing mortgage loans qualify a person for income tax benefits.


1. You will pay a lot of money as interest.

2. These charges like legal fees, insurance fees etc will come upon you as the extra burden when you actually start repaying.

3. Higher interest for variable rate mortgage

4. Affected by loss of property value

If you have any query, you can get free advice for car loans from us.

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Old 03-05-2018, 07:43 AM
Quikrupee Quikrupee is offline
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Join Date: Oct 2017
Posts: 29
Default Re: What is mortgage loan?

Mortgage loan actually means pledging the property as collateral in getting a loan. It is also called as the loan against property. This type of loan is very secured because of it consists property as collateral. The interest rate is always less than when compared to unsecured loans. The user also called mortgager mortgage his property like plot, residential building, commercial property or any other security like shares, bond, and insurance as collateral in getting timely loans.
Quikrupee is an online financial portal providing mortgage loan at low interest with minimal documentation.
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Old 03-08-2018, 04:20 AM
alexfisher50 alexfisher50 is offline
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Join Date: Jan 2018
Posts: 11
Default Re: What is mortgage loan?

A mortgage is a secured loan where the collateral is usually a real estate property but can also be another form of security such as gold or insurance. Mortgages are most often used for acquiring more real estate property. These loans can also be used for a wide range of purposes and in fact most loans are technically mortgages.

There are several different types of mortgages but the most common are fixed rate mortgages which have the same interest rate for the duration of the loan and require equal payments each month. Adjustable rate mortgages offer lower immediate payments with a set interest rate for a set number of years. After the initial few years is up the interest will be re-calculated and can change 3-4 times during the mortgage. Most adjustable rate mortgages have a limited number of times the lender can actually change their rates.

A home loan is what you usually think about when you hear the term “mortgage”. These loans are given by the bank or another financial institution for the express purpose of buying property. The home or property purchased with the money doubles as collateral. In the event of default the bank has the right to liquidate the home.

Loans against property can be taken on property you’ve already paid the mortgage for. This can be any property you own, not just your residential property. The amount of a loan against property is typically decided based on the property’s value rather than the purpose the loan is for. These loans can also be used for any purpose including immediate financial needs rather than just for a home.

Buying property is a daunting task but knowing what types of loans are available can help you navigate the world of mortgages and find something that works for your financial situation.
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