Secured loan against house Alaska

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    Loan secured by real estate

    The borrower takes money from the bank at interest, and as a guarantee of return, he draws up a pledge - an apartment, while remaining registered in it.

    If the borrower does not pay, the bank, by a court decision, will sell his property and pay off the debt. But this is the most extreme case.

    You can get such a loan even if you don’t have your own apartment - a loan secured by third parties, for example, parents or relatives, is possible.