Get the answers you need from a community of experts on IDNLearn.com. Our community provides timely and precise responses to help you understand and solve any issue you face.
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
https://brainly.com/question/7671058
#SPJ4
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.
