Search Results for: Pocket cases
suppose you buy a property that is worth say usd . in such a case, the lender is never going to lend you the entire amount of usd . the lender will pay you usd , and you will have to pay usd , out of your own pocket. the amount, usd is termed as a down payment. in rare cases, if the borrower has exceptionally
good credit report, then the lender might ( in rare cases) lend out the entire amount of usd . thus, when you take up your loan, you pledge the house as a collateral with the lender, and you will be left with an equity of usd . after say years, the market value of your home soars from usd to usd . thus...
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