What do you know about mortgage loan?

Question

Accepted Answer

Mortgage loan is a type of loan used to purchase a property, where the property itself serves as collateral.

Mortgage loans are long-term loans with repayment periods ranging from 15 to 30 years.
The interest rates on mortgage loans can be fixed or adjustable.
The amount of the loan is determined by the value of the property being purchased.
If the borrower fails to make payments, the lender can foreclose on the property.
Mortgage loans are commonly used by homebuyers to finance the purchase of a house or apartment.

Accepted Answer

The mortgage loan is used to purchase home or land & Loan against Immovable property serves as collateral for the loan.

Accepted Answer

Mortgage loans are secured loans given on a immovable property like a houses
These loans are used to purchase or maintain a home,plot loans.
These loans are different types of loans are useful for all type of people

Accepted Answer

A mortgage loan is a type of loan that allows individuals or business to borrow money from a lender to purchase a home or other real estate property.

What do you know about mortgage loan?

Top DCB Bank Credit Manager interview questions & answers

Popular interview questions of Credit Manager

Top HR questions asked in DCB Bank Credit Manager