mortgage simple definition: Mortgage

Mortgage

Mortgage. Home Loan EMI Calculation in Tamil

Mortgage video duration 1 Minute(s) 40 Second(s), published by Capital Forever on 22 09 2019 - 20:03:00.

A mortgage is a loan secured by the collateral of real property
Mortgages enable individuals and businesses to purchase properties that they could not

Recorded with https://screencast-o-matic.com Here's an easy way to compute for your loan options
Try the BDO Home Loan Calculator now! www.bdo.loans/HLCalculator To apply for a BDO Home Loan, Video explains about Housing loan calculation for EMI in Tamil.

A mortgage is a loan secured by the collateral of real property. Mortgages enable individuals and businesses to purchase properties that they could not otherwise afford. Over time, the borrower repays the principal as well as interest and eventually will own the property mortgage free. If the buyer defaults on the mortgage payments, the bank may foreclose the house and evict the tenants. The bank will then sell the house, using the funds to clear the debt. There are many types of mortgages such as fixed rate mortgage, adjustable rate mortgage, interest only and reverse mortgage. A mortgage calculator can help you understand the monthly payments and calculate the total cost of interest for the mortgage you are looking to get. This also helps you get an understanding of the true costs of ownership.