Karan Goyal's Web World

Sunday, August 11, 2002

Mortgage Loan

“MORTGAGE LOAN” is a term which arises when money is lent by banks or private finance companies against the security of some assets. “MORTGAGE LOAN” is a loan in which loan is not given up to the actual market value of the asset but little less than the market value. In “MORTGAGE LOAN” finance is made available against a security of an asset so that in case the borrower is unable to repay the loan, the asset mortgaged can be disposed of in order to recover the amount of loan given. “MORTGAGE LOAN” is the best way to make the loan secured in its own way.