Secured loan real estate Indiana

Attention! Advertisements are for informational purposes only, they help to choose a financial organization / service. It is not an offer. The site administration is not responsible for the quality of services in the ads.

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 is a more complex product than a consumer loan: more documents are required, and money is not issued immediately after approval.

    When a bank issues a loan with collateral, it reduces the risks at the expense of collateral. If the borrower stops paying, the bank can always sell the property and cover the debt. Therefore, the rate on secured loans is lower than that of consumer loans without collateral.