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What is a mortgage and how does it work?

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What is a mortgage and how does it work? A mortgage is a loan that is used to purchase a real estate property. It is a legal agreement in which a lender agrees to loan money to a borrower to buy a property, and the borrower agrees to repay the loan, with interest, over a period of time. Here's how a mortgage works: The borrower applies for a mortgage loan from a lender, such as a bank, credit union, or mortgage company. The borrower will need to provide financial information, including income, credit history, and the amount of money they have available for a down payment. The lender evaluates the borrower's financial information and decides whether or not to approve the loan. If the loan is approved, the lender will offer the borrower a mortgage loan with specific terms, such as the interest rate, the length of the loan, and the amount of the monthly payments. The borrower agrees to the terms of the mortgage loan and signs a mortgage agreement. The agreement specifies the terms...

Kerala real estate property listings 29.05.2012

Real estate for Sale - Trivandrum: 110 cents of residential plot for sale between Chauvara temple & Chauvara junction, Poovar road, Kovalam, Trivandrum. Contact : 09445283646, 9496237412 175 cents of water frontage land with house for sale near to Kadinamkulam, Kazhakootam, Trivandrum suitable for resorts, flats & villa projects. Plots available full/part. Contact : 09446176925 100 cents of plain land at residential area for sale near to Bible college, St. thomas Engineering college, Kinfra & Kazhakootam Sainik school, Trivandrum. Plots available part/full. Contact : 0471 2298737 5 cents of land with new terrace house for sale near to Nellivila, Kovalam, Vizhinjam, Trivandrum. (Price: 14 lakhs) Contact : 9961491489, 9539366344 50 cents of land (2 feet above from road level) for sale near to Civil station, Kudappanakunnu, Trivandrum. Contact : 9744270062 50 cents of land with 3 year old rubber plantations for sale at Kattaikonam junction, Trivandrum. (Expected Price...

Kerala real estate property listings 23.01.2012

Real estate for  Sale - Trivandrum : 7,12,13 cents of land plot with 5m wide road inside, compound wall, security gate, cabin etc. for sale near Mohanapuram junction, Pothencode road, Mangalapuram, Trivandrum. 2kms from N.H road & near to Pallipuram Technocity. 5.5, 5.7, 7.8, 8.5 cents of land plot with road frontage for sale near Sasthavattam, Thonnackal, Trivandrum . 1 kms from N.H road & near to oncoming Technocity & Science park. 7.5 cents of plot with two storied building with car parking & shop for sale near S.B.T Valiakada, Chirayinkizhu, Trivandrum . 4, 5, 7 cents of land plot with compound wall & lorry access for sale near Thatchottukavu junction, Trivandrum . 9kms from Trivandrum central. 3 acres of land plot with 8m wide road for sale near Chanthavila, M.C road bypass, Kazhakoottam, Trivandrum . 3.5 kms from Kariavattom campus. 7.5 cents of plot with 1750 sq.ft new building with compound...