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Archive for August, 2008

Understanding Loan Terms and Conditions

Before we are signing any loan contract, you should read carefully a number of parameters indicative of the interest they pay and expenses that support the return of capital received.

– The first indicator of the rate of interest is the TAN – Nominal annual rate – usually expressed as a percentage, indicates how much you pay each year of interest (the interest is obtained by multiplying the capital for this percentage), and competes in the composition of the installment that you pay each month in the repayment of debt. Read more »

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Secure Your Property by Regular Mortgage Payments

Mortgage is the legal device to secure payment of loans secured by real estate properties or other equally valuable assets. It is thus necessary that if you want to keep the ownership of your real estate property or other valuable assets, mortgage payments needs to be religious and sufficient.

To make sure that you will be able to make good in your mortgage payments, before you put your property on the line to secure your loan Read more »

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