home loan against property interest rates

A mortgage is a type of loan used to purchase a home, land, or other types of real estate against collateral that can be residential or commercial property. There are many types of mortgage loans available today, depending on your financial health, needs, and preferred tenor for the loan. Mortgage loans are secured loans with competitive interest rates and long repayment periods. The ownership of the property used as collateral in these loans remains with the lender until the loan is fully paid off. Now that we know the meaning of a mortgage loan, we can say that it is…