I've recently attended a launching of a condominium project in a prominent location. The units are really stunning and the design is remarkable. I've seen one of the units in the showroom and I can see that it's perfect for a small family. After the event, I shared the photos with my clients. One client liked the studio unit because of its design. She definitely wants to buy a studio unit that has everything such as kitchen, comfort room, bedroom, living room and a dining room.
Now, let's talk about mortgage loan modification. According to Wikipedia, mortgage modification is "a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e. mortgagor and mortgagee). In general, any loan can be modified." To understand the term, let's remember that a loan modification will typically result in the change to the loan's monthly payment, interest rate, term or outstanding principal. Since most of our properties are under a mortgage agreement, we need to understand this financial process in the field of real estate.
This is a sponsored post however, all the points and views are my own. Let me know your ideas by leaving comments.