The money will be used to pay

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They want to be sure that they will be paid. An argument in favor of giving a loan can be real estate. Such a financial product is called a loan secured by real estate. A pledge is a special way of securing obligations. The obligations in this case are the repayment of a loan. The client who takes out such a loan agrees to pledge his real estate to the lender. In this case, you can live in the apartment yourself or rent it out to tenants, if the contract does not prohibit it. The same applies to other real.

Estate apartments, residential buildings, townhouses, commercial korea telegram mobile phone number list properties. A pledge does not mean that a bank or financial institution can sell your property at any time or take it for themselves. Provided that we are talking about legal companies, not scammers. Such stories happen when people recklessly take loans from ads and do not look at what papers they sign. Only if the client is unable to repay the loan, the bank or other financial institution has the right to sell the property. off the debt. If any amount remains after the sale, it.

Will be given to the former owner of the property. Benefits of getting a loan secured by real estate You can get a larger loan amount. For example, million rubles for the capital is quite realistic. In the regions, of course, everything is more modest. However, the willingness to pledge real estate as collateral is a powerful argument for creditors. They are more loyal to the borrowers credit history. As is known, all banks and financial institutions study the clients reliability. For this, they use credit history bureaus, which store information about where, when and how much a person.