Mortgage loans|loans paradise

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MORTGAGE LOANS
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MORTGAGE LOANS

• Mortgage Loans are Secured Loans in which a
  Property or an Asset is Used as a Collateral.
• The Bank will Provide the Loan Amount based on
  the Value of the Asset.
• This will help overcome Financial Crisis as you
  get Relatively Larger Amount of Money Compared
  to any other Loan.

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Types of Mortgage Loans Based on
Interest Rates

• Fixed Rate Mortgage Loans
• Variable Mortgage Loans
• Adjustable Rate Mortgage Loans

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Fixed Rate Mortgage Loans

• Offered to Customers at a Fixed Rate of Interest
• Let the Customer Know their Loan Liability
  before Availing for it.

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Variable Mortgage Loans

• This Interest Rates Keeps Fluctuating Depending
  Upon the Base Rate Quoted by the Bank and The
  Repo Rate Quoted by the RBI.
• The Loans are Offered on Variable Rate of
  Interest.

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Adjustable Rate Mortgage Loans

• The Loans Where the Rate of Interest is Fixed for
  a certain period and then it Correspondingly
  Changes to a Higher or Lower Rate of Interest.
• These Fluctuations depend upon the Performance of
  the Economy.

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