A bank loan is a monetary loan received from a commercial lender. The loan may be either a car loan or a home loan. A bank loan must have a predetermined duration and an interest rate that is fixed or adjustable. Generating loans and charging interest is the very purpose of a modern bank. The […]
October 4, 2012 By 1 Comment
Mortgages
A mortgage is a debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large purchases of real estate without paying the entire value of the purchase up […]