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Briefly About Loans & Mortgages
Commodity loan form involves the transfer of a temporary use specific things, certain generic characteristics. This form historically existed before the advent of monetary relations. Of course, it all seems quite logical – they don't have enough money, so they try to get loans. However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan. Very often potential borrowers are lured by the fact that promise to provide consumer loans or cash loans within 15 minutes at the time of treatment, and from the potential borrower in obtaining such loans will not need to provide any documents other than passports. The debts of the testator, regardless of whether the loan is from a Bank or other debt obligation, called passive part of the inheritance. This is due to the fact that many men are 30 years of age suffer cravings for expensive and new cars, and as practice shows, in most cases, their financial capacity is not the same appetites. Once you join your rights and will become the full owner of the inherited property, you immediately appear the obligation to pay for someone else's loan and fend off foreign creditors. Base this can be a violation of one of the parties to the contract. As a result, the client might get the feeling that he cheated, but it will not be so. For example, a borrower wants to take a Bank of 100 thousand rubles. However, if you are not satisfied with the terms of the loan, you don't have to go to court and terminate the contract, in order to improve them. Because of problems with re-registration of mortgage, you will need to obtain the consent of the Bank, your Bank is unlikely to agree to repay such a large loan on your own risk, not having the right collateral. Financial institutions, in turn, try not to spoil its clients with mood like little things and hold back fees. Once you join your rights and will become the full owner of the inherited property, you immediately appear the obligation to pay for someone else's loan and fend off foreign creditors.
Cash loan form involves the transfer for temporary use of a specified amount of money. This form of credit is actively used by all subjects of economic relations (government, enterprises, individuals) within the country and foreign economic turnover. Cash loan no equivalent commodity-money exchange, and is the transmission cost for temporary use on condition of repayment over time and, as a rule, the payment of interest for the use of her.
Cash is the predominant form in modern conditions of economy. According to psychologists, the most conscious citizens are citizens of our country aged 40-43 years, as these people turn to financial institutions as a rule, to buy housing. In the future, referring any difficulties or shocks is that not every borrower is able to repay such an expensive mortgage loan, which leads to the fact that borrowers start to rush, trying to refinance the loan or to change bought on credit "square meters" for cheaper housing. However, if you are not satisfied with the terms of the loan, you don't have to go to court and terminate the contract, in order to improve them.
- Commodity loan
- Cash loan
- Mixed form of a loan
Credit plays an important role in the regulation of the magnitude of the funds required for the Commission of economic activity. Thanks to the loan enterprises have at any time such amount of cash that is required for normal operation.