Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Explain Real Estate Performance and Inflation?
Inflation is an overall increase in the price level. Inflation has an extensive effect on the performance of the real estate industry. For example, if inflation increases, commercial banks are possible to increase rates of interest. Likewise, property-owners are fewer likely to rental out properties when inflation is unpredictable.
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