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Types Of Mortgage

TYPES OF MORTGAGE A mortgage loan is a type of loan which is granted to the borrower in lieu of the property to raise money to buy any other property to clear debts. Busy Months for Mortgage Applications (All) 15 12 Property owners can also raise funds through mortgage loan for the renovation or extension of the property. Month Simple Mortgage The Mortgagor without delivering the possession bound himself to pay the Mortgage money, if fails to pay the debt as per the contract, than the mortgage property can be sale or proceed so far as may be necessary. %24 English Mortgage The borrower promises to repay the borrowed money on a certain date. The borrower transfers the property to the lender. The lender will re transfer the property when the money is repaid. Reverse Mortgage A reverse mortgage is a loan where the lender pays the monthly installments to the borrower instead of the borrower paying the lender. The payment stream is reversed. || || Usufructuary Mortgage The lender takes the property. The lender receives income from the property (rent, profit, interest, etc.) until the money is paid back. The owner keeps the title deeds. || || || || Designed & Issued in Public Interest By DOMINION LENDING CENTRES Source : www.superbrokers.ca IIII %24 Percentage of Mortgage Applications (%) ==! =======

Types Of Mortgage

shared by gertmartens on May 21
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This infographics tells you about the types of mortgage loans avialable in Canada. We give a brief knowledge about all types of mortgage loans. Gert Martens provides all theses types of mortgage loans...

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