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Buying a property costs a lot of money, and borrowing them will require a great deal of paperwork. Potential homeowners should expect to spend some time with their mortgage lenders filling out the application form. But potential homeowners should also prepare to spend some time collecting the documentation the lender will need to verify the application.
What is an Investment?
According to Economics, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In Finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.
What is a mortgage?
It is to register your real estate property as a guarantee for a debt or a simply, a collateral.
Nowadays, banks and lending companies tend to lend borrowers with collateral at hand; this is a security blanket of the company in case there is a failure to pay on the part of the borrower. If you are thinking about this option, there are a number of mortgage types that may suit your need or capacity.