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. If the lender illegally increased its rate of interest or decided to charge a fee for services that have always been free, it will also serve as a basis for termination of the contract unilaterally. Also do not forget about such a delicate moment, as the Statute of limitations. 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. It is possible that all debts on the loan that go along with the inheritance, can not be charged for the prescription period. Such is the irony. When it comes to the apartment bought on a mortgage, the heirs to repay the loan jointly, in proportion to the share they received. For example, the amount of this payment of 10%. In any case, until he attains the age of majority. In the most positive of intentions they are trying to buy on credit, the maximum available for housing, choosing a more prestigious area. It happens this way. This is a fairly new service, so it is provided not in all banks, so will have to try. But when the inheritance is passive part sometimes plays the most active role. Thus, both the lender and the prospective buyer of country property can be fully confident in the cleanliness of the documents on the lot under construction.
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. In this case, having accepted the inheritance, you have a chance not to pay for someone else's loan, and become only the rightful owner of the property. it can change throughout the term of payment more than once. 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.
- 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.