Naya Pakistan house loan; Mortgage in Pakistan; all you need to know about Mera Pakistan, mera ghar-fusion stories
A mortgage in Pakistan, Naya Pakistan house loan; all you need to know What is a mortgage or house loan ? A mortgage or home loan is a loan that anyone gets from a bank or private mortgage company on the fixed or variable interest rates to construct a house or to purchase a house. Most banks ask for a guarantee to give house loans. It may be pledging of your house or property or the bank can keep gold or defense saving certificates as a guarantee worth the loan amount. Some banks ask a guarantee of government officers having more than 8 years in retirement. Is mortgage or home finance is secure in Pakistan? Mortgage or home finance is secure until you 'repay' all loans in time and get your belongings free from bank intervention. If you fail to pay your installments in time then banks have the right to possess your house or property and sell to grab its money back. Why is a mortgage or home finance is not popular in Pakistan? Like every adult in t...