nashkid62
1 Answer
PEOPLELOVER
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
| 13 years ago. Rating: 1 | |
Top contributors in United States category
Unanswered Questions
888pitcom
Answers: 0
Views: 12
Rating: 0
888b11org
Answers: 0
Views: 13
Rating: 0
9637 BET
Answers: 0
Views: 14
Rating: 0
Should I expect Bridal Juttis from Gulbhahar to work with modern bridal outfits?
Answers: 0
Views: 13
Rating: 0
Should I expect Bridal Juttis from Gulbhahar to work with modern bridal outfits?
Answers: 0
Views: 11
Rating: 0
88t cx
Answers: 0
Views: 13
Rating: 0
Nhà cái UK88
Answers: 0
Views: 11
Rating: 0
79king2uscom
> More questions...
Answers: 0
Views: 11
Rating: 0