Mortgage loans are generally structured as long-term loans, the periodic payments for which are similar to an annuity and calculated according to the time value of money formulae. The most basic arrangement would require a fixed monthly payment over a period of ten to thirty years, depending on local conditions. Over this period the principal component of the loan (the original loan) would be slowly paid down through amortization. In practice, many variants are possible and common worldwide and within each country.
*** Features of Home Loan Application ***
- What is home loan??
- Disbursement of Home Loan
- Moratorium period in home loan
- Calculate Home Loan EMI
- Stamp Duty Rates for Home Loan
- Home loan intrest rate
- What are fixed rate home loan
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