Mortagage Loans

People in business and people already having housing loan can go for mortagage loan. Mortagage loan is full secured loan and banks normally lend upto 80% of the market value of the property. Normally banks take 15 to 25 days for approval. They check genuinity of the property, legality of the ownership, link documents, approved plans, banking of the customer, income sources of the customer. Again there are fixedand floating rates of interest. One has to see past track of the bank before signing the agreements. Few banks initially offer at low interest and raise it at later date and charge high preclosure charges if one want to quit. Some banks will raise according to market changes when interest rates are going up but will not reduce at the same speed when they are falling. For more details and fast processing of your loans visit ezeeloans