Tag: loan

Loans: the complete and easy guide

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Usually, when we want to satisfy our lives, needs or desires, but we have no money to do this, we go to a lending institution and apply for a loan. In finance, a loan is the lending of money by banks, credit unions, online lenders, credit card companies, etc. The borrower incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed. Choosing the best loan isn’t as simple for most of the people, because there are many types of loans designed for different financial circumstances…. Continue reading

The complete guide to mortgages

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A house is probably one of the biggest purchases you’ll ever make. Paying it in cash is not possible for most of the people, so the only way to buy a house is by taking out a mortgage, which is a loan from a bank or building society, used to buy a property and secured by the collateral of specified real estate property until the borrower has paid it off in full. The borrower is obliged to pay it back with a predetermined set of payments over a predetermined period of time. Choosing the best mortgage isn’t simple for most… Continue reading