Briefly About Loans & Mortgages
Commodity loan form involves the transfer of a temporary use specific things, certain generic characteristics. This form historically existed before the advent of monetary relations. After 14 to 18 years and the decision on acceptance of the inheritance and, accordingly, obligations for the payment of the loan, the heir will be considered together with the guardians. It should be noted that loans to purchase real estate are considered to be rational, however, some borrowers even when getting these loans manage to overreact. Less under the dependence of the cars are women the same age as the above men whose main "sick" is the new clothes and shopping, such as coats, raincoats, fur coats or jewelry. Because of problems with re-registration of mortgage, you will need to obtain the consent of the Bank, your Bank is unlikely to agree to repay such a large loan on your own risk, not having the right collateral. According to most psychologists about obtaining loans most often think people with low incomes. That is, the borrower will have to pay 10 Grand to get funds. Such is the irony. As practice shows, in anticipation of the holiday euphoria people try to do everything faster than usual, which is why few of us can detect in interest-free loans huge fees or existence insurance policies. However, among creditman are present and those citizens who have seen the Soviet power, with its queues, coupons and deficiencies of essential household goods. For example, if representatives of the credit institution's opinion, the loan was obtained by fraud, and they can prove it in court, the borrower may be required to pay the full amount of the debt immediately. Statistics show that a huge number of people suffering from creditmany present among today's youth, who grew up in the conditions established capitalist relations. It is possible that all debts on the loan that go along with the inheritance, can not be charged for the prescription period. For example, the amount of this payment of 10%.
Cash loan form involves the transfer for temporary use of a specified amount of money. This form of credit is actively used by all subjects of economic relations (government, enterprises, individuals) within the country and foreign economic turnover. Cash loan no equivalent commodity-money exchange, and is the transmission cost for temporary use on condition of repayment over time and, as a rule, the payment of interest for the use of her.
Cash is the predominant form in modern conditions of economy. The only problem may occur if you want to refinance a mortgage. In any case, until he attains the age of majority. According to financial analysts, the borrower will have more chances of getting a mortgage loan for the purchase of suburban real estate, in that case, if he is made as the collateral in its main housing in the city.
- Commodity loan
- Cash loan
- Mixed form of a loan
Credit plays an important role in the regulation of the magnitude of the funds required for the Commission of economic activity. Thanks to the loan enterprises have at any time such amount of cash that is required for normal operation.