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. In any case, until he attains the age of majority. In other words, to pay the loan all heirs have accepted the inheritance, to avoid this will not succeed. In other words, to pay the loan all heirs have accepted the inheritance, to avoid this will not succeed. In this case, having accepted the inheritance, you have a chance not to pay for someone else's loan, and become only the rightful owner of the property. The Bank is also a possible violation. 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. The debts of the testator, regardless of whether the loan is from a Bank or other debt obligation, called passive part of the inheritance. Attentively read the contract, the borrower may not pay attention to the fact that the rate at which he pays the loan, not a fixed and floating, i.e. It's a dark, gangster and totally unfair scheme. However, if the Bank is not going to meet you have to go to court. If the Bank delays the borrowed funds or provides incomplete, then the borrower may require the Bank to comply with the terms of the contract, or to apply to the court to terminate the contract. Minors are considered children up to 14 years. But when the inheritance is passive part sometimes plays the most active role.
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. Refinancing, or refinancing, is a procedure in which the borrower takes a new loan and expense extinguishes the old. For example, the amount of this payment of 10%. According to financial analysts, the borrower will have more chances of getting a mortgage loan for the purchase of suburban real estate, in that case, if he is made as the collateral in its main housing in the city.
- 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.