People in Corona, California, prefer to buy residential proprieties in condos, high-rise buildings, or townhouses for a variety of reasons. These homeowners feel living in such housing communities offers them a safe environment to protect their families. They even willingly participate in their building’s homeowners’ association elections. Many of them go to the extent of volunteering to serve as board members in this committee. Unfortunately, it does not take them long to regret taking such a decision as the responsibility of property management entails a lot of time and effort!
Mortgage loans are one of the most popular types of secured credit available in the Indian financial market. It has grown at a steady 13% rate throughout the last two fiscal years. A substantial change in the economic condition of the middle-income group of India and availability of housing has allowed a lot of prospective credit seekers to mortgage a real estate and avail a loan against property. This long-term financing option comes without any end use restriction, allowing a borrower to utilise the sum according to his/her requirement. Another feature of a loan against property is its rate of interest; as the sum is disbursed against a mortgaged property, these loans usually come with a much lower rate of interest compared to other types of credit.