Transferable LC A transferable LC is designated as transferable by the LC issuing bank, under which the beneficiary (first beneficiary) may request the advising bank (the transferring bank) to make the credit available in whole or in part to one or more other Beneficiary(ies) (second beneficiary(ies). Such Credits are governed by Article 48 of… Read More »
Red Clause LC and Green Clause LC What is Red Clause LC? A Red Clause LC is a documentary credit with a special clause incorporated in it, authorizing the advising bank or the conforming bank to make advances to the beneficiary before presentation of documents stipulated therein. It will have the following information. Green Clause LC What is Green Clause LC? This clause… Read More »
Cost of Mortgage Loan Shopping for loans is definitely not at all a very simple job, in fact, it demands the most efficient thoughtful mind that may make relevant and sound judgments. These days in the name of home loan people end up paying massive costs for no valid reason without conducting a proper market research. In this regard,… Read More »
Mortgage Payments The process of a mortgage for a house has been a common practice throughout and it’s not all new to the markets. People have been purchasing houses based on the mortgage setup from the ancient times and some or the other way the entire procedure for this setup is also almost same as… Read More »
Mortgage Loans: Making a Worthwhile Selection Taking out a loan has numerous branches; these may vary depending upon the different kinds of factors which may include the purpose of the loan, amount of loan and the setup that suit perfectly to the borrower. In all this, the most common types of two loans which have… Read More »
Reverse Mortgage Counselor Factors To Consider To Find The Right Reverse Mortgage Counselor The government wants the applicants to complete the session with any of the reputed reverse mortgage counselors before the loan gets closed. For this, you should find the right counselor who can provide you with unbiased and good advice. If you want to meet… Read More »
Valuable Ideas to Purchase a Home Using Reverse Mortgage If you are at 62 or still older and you wish to purchase a home, you are likely to end up with three options. The first is availing a conventional forward mortgage, the second is making use of your savings amount to pay for the home… Read More »
Tips To Avoid Running Out Of Proceeds With Reverse Mortgage Most times, it is advertised that reverse mortgages are the secured source of income for the rest of the lives of senior people. However, they can but only under specific conditions. People who take this kind of loan can expect to run out of proceeds, which… Read More »
Reverse Mortgage Payment Options Choose The Best Reverse Mortgage Payment Plan Determining Your Requirements The reverse mortgage plan which you choose will have a great impact on how much money you will be receiving in the long and short run, how quickly you will be using up your home equity and how the reverse mortgages… Read More »
Reverse Mortgage Scheme Home Equity Conversion Mortgage Tips For Buying A Home Using Reverse Mortgage Scheme Reverse mortgages correlate with the refinancing an existing home but they can also be used for buying a new home. Most senior citizens take advantage of reverse mortgage in order to help them stay in their home when they… Read More »