Discussion Forum General Discussion General Leica Discussion What is the difference between a home loan, a mortgage loan, and a loan against
  • #30925

    Home Loan : A Home Loan is a secured loan obtained to buy your dream home. Bank keeps your property as collateral, and once you complete all the payments, the property title will be transferred back to you.

    Loan Against Property: A loan against property is a secured loan provided against property that both salaried individuals and businesses can take. The bank will sanction your loan once you mortgage your residential or commercial property, and your maximum credit will be equivalent to the property's current market value.

  • #30926

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    • This reply was modified 1 month, 3 weeks ago by  charioteer.
  • #31086

    These are all different forms of credit.

  • #31087

    Home loans, mortgage loans, and loans against property are different types of financing options for purchasing or refinancing a property. A home loan is a type of loan specifically designed for the purpose of purchasing a home. A mortgage loan is a type of loan where a property is used as collateral to secure the loan. A loan against property is a loan that is secured by using the property as collateral, similar to a mortgage loan. It's recommended to consult a financial advisor, such as those available at https://www.mcgeewm.com/wealth-management-portland-financial-advisor , for a thorough understanding of these options and for guidance in choosing the best solution for your financial needs.

  • #31373

    The credit system today is unresolved

  • #31374

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    • This reply was modified 4 days, 6 hours ago by  krapteam.

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