Mortgage Updates

A Federal Housing Administration (FHA) Loan: A house mortgage that is issued by a bank or other lender who has been approved by the Federal Housing Administration (FHA) is one that is insured by the government. Compared to many conventional loans, FHA loans have a lower minimum down payment requirement, and applicants may have lower credit ratings than are typically …

A mortgage is the transfer of an interest in a particular piece of real estate with the intention of securing payment for loans made or to be made, payments on current or future debts, or the fulfillment of contracts that could result in financial obligations. The Transfer of Property Act, 1882 (“TP Act”), Section 58(f), allows for the construction of …

To buy assets, cover working capital requirements, control cash flow, or grow the company, businesses require sizable capital reserves for seamless operations. Longer sales cycles or low cash reserves, however, may strain your finances. And you wind up trying to find another way to make money. In this case, lease rental reduction gives you the chance to profit from the …

What Is a Traditional Loan or Mortgage? A loan obtained by a homebuyer from a private lender is known as a conventional mortgage. A higher credit score is typically required to qualify for a conventional loan as opposed to one from the Federal Housing Administration (FHA).1. A government agency does not offer or guarantee conventional loans. Rather, private lenders including …

Under a usufructuary mortgage, the borrower retains title of the property but gives the lender possession and usage rights. During the mortgage time, the lender, also referred to as the mortgagee, is allowed to keep the revenue or produce produced by the property. A particular kind of mortgage that falls under the purview of the Transfer of Property Act, 1882, …