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How is mortgage lending different from a loan?
Asked by unknown
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Mortgage lending is a loan that is secured with a real estate or a personal property whereas a loan is a relation between a lender (creditor) and a borrower (debtor).
What is mortgage lending?
Asked by unknown
1 Answers
Lending money to a borrower for buying real estate is called mortgage lending. Borrowers in mortage lending are home buyers and investors. It is one of the most common type of lending.
On what grounds would one compare the home loan refinancing companies?
Asked by unknown
1 Answers
For home loan refinance comparisons, first, ask a set of required questions from each of the potential home loan refinancing companies. You should even ask your current home loan company as well because they might be ready to reduce the interest rates to avoid losing a customer. Get all the financial details from every company including interest ra