Tag: Quantum Insider
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What is a mortgage?
A mortgage is a legal claim on any collateral you provide to obtain a loan. It allows the lender to seize the collateral if you stop making payments on your loan. Definition and Example of a Mortgage A mortgage is a legal claim by the lender on any collateral you provide to obtain a loan.…
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Real Estate Equity Loan Without Appraisal: Does It Exist?
There may be home equity loans without an appraisal. In many cases, the lender requires a full appraisal of the home before approving your application for a home equity loan. However, many lenders may accept an alternative to a full appraisal to determine the value of your home. What is a home equity loan? A…