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Real Estate Forum on Loans In Bangalore

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Q: What is the difference between loan and mortgage?
Latest Answer: Loan: The borrower initially receives an amount of credit from the lender, which they pay back, usually but not always in regular installments, to the lender.

Mortgage: Mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately.
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Q: What are pre approved loans ?
Latest Answer: no loan is sanctoned with submitting property documents for legal check. it is pre-approved based on income but additionaly one needs to give property details for which one take loan
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