Bsc magazine online There are several types of mortgages available which can be undertaken by a person to secure his much-needed loan. One of the kinds of mortgage which can be undertaken by a person is mortgage by legal charge. bsc academy monthly current affairs In this situation, a person can mortgage his personal property in lieu of a loan, while retaining the authority to be the legal owner of his mortgaged private possessions. However, this also allows the creditor (financial institution) to access the right to exercise the power of their security and sell/lease the house, if the debtor fails to repay the loan in pre-determined time. banking services chronicle current affairs A financial institution or the lending company which gives out the loan to an individual generally resists taking chances and gets the financial deal registered in public records so as to remain on the safer side. banking services chronicle study material Also, the lending institutes insist that the property proposed by the debtor is not already given out for some other form of loan and is free from all legal hassles bsc magazine subscription.
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