1 Answer
You receive money using your home as collateral and agree to repay the money upon the sale of the house, be that by your selling or your dying.
On dying the holder of the "Mortage" has first claim on the estate.
You agree to pay interest on the loan but you do NOT make any payments to repay the loan which is paid out as stated above.
This is a strategy more suited to owners of property who are in the older age bracket.
Draw back is you pay interest on interest which pushes the repay higher
| 14 years ago. Rating: 1 | |
Top contributors in United States category
Unanswered Questions
Hit23cnet
Answers: 0
Views: 10
Rating: 0
7fabetorg
Answers: 0
Views: 10
Rating: 0
Shaker Gainske
Answers: 0
Views: 10
Rating: 0
dh888ioo
Answers: 0
Views: 10
Rating: 0
AE888 ## NHA CAI CASINO AE888.COM | Dang Cap TOP 1 Viet Nam
Answers: 0
Views: 11
Rating: 0
seven77xlol
Answers: 0
Views: 11
Rating: 0
Bạn muốn nâng tầm phong cách chỉ với 1 chi tiết nhỏ? Nón snapback chính là “vũ khí” giúp outfit của bạn trở nên chất chơi, cá tính và nổi bật hơn hẳn. Đội vào là khác biệt ngay! Chi tiết: https://nontam.com/non-snapback #nontam #nonsnapback
Answers: 0
Views: 11
Rating: 0
8XBET
> More questions...
Answers: 0
Views: 13
Rating: 0
nashkid62
PEOPLELOVER