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Sagot :
While explaining the benefits of representation to a potential buyer, the buyer asks if he can get a good rate on a mortgage. The response should be "sorry, that's outside the scope of my expertise".
What are mortgage?
When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest.
Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Some mortgage rights are-
- The mortgagee holds rights to the real estate collateral used to secure the loan in a mortgage.
- The lender is protected against default thanks to this.
- It also mandates that specific measures be established for the seizure of collateral assets in the event of default.
To know more about the collateral, here
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