Secured loan mortgage Florida

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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 consumer loan is an opportunity to get money from a bank when your own funds are not enough for urgent needs or a large purchase. But if you need more money than the bank is ready to lend as part of a consumer loan, you can take a loan secured by real estate.

    A loan secured by real estate is one of the types of secured loans. The borrower borrows money from the bank at interest, and leaves his property as a guarantee. If the borrower fails to repay the loan, the bank will sell his property, repay the debt on the loan, and transfer the balance to the borrower.