Secured loan from bank California

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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.

    How to get a loan secured by real estate?

    A loan secured by real estate implies security in the form of residential or non-residential premises owned by the borrower.

    If something does not go according to plan and the borrower fails to close the obligations assumed in time, the property will be sold, and the proceeds from the sale will be used to repay the debt to the bank.

    In addition to the main difference - the need to provide collateral - a loan secured by real estate allows you to get a large amount for a long time and reduce the monthly payment due to this.