What is property finance
There is a general term that describes the financial activities (primarily loans and bonds) held in the housing market. For each country, developed or developing, is a wing of the economy, by providing funds for the activities of rapid urbanization, such as residential, commercial complex construction, infrastructure development, etc.
In housing:
Financing for residential property is required by many lenders such as banks, financial institutions, mortgage banks, private lenders, etc. The lending criteria and credit check is the same detailed history of the borrower's loans are faced with are sanctioned or approved. Mortgage providers to accept joint loan applications, if a person has no claim on the loan, then you can apply jointly with another family member.
In this case, loan providers will do a background check of the two and their combined sales would be enough to ease the monthly payments. First, to require an amount of security be filed before the money can be approved. As the financial documents must be submitted for consideration, the rate loans are so high in this sector.
Property Finance in the economy
Lend money for commercial real estate is first and foremost by the nationalized banks, large financial institutions and private investors, very few. Since the land or commercial buildings are expensive, there is a high risk factor in lending money to those participating properties. Therefore, these loans typically require a security deposit as a guarantee or a guarantee in many countries, the state, and the company received the necessary capital.
The business provides employment for many people and the government, with most countries in this sector by giving them as a guarantor for them to loans from financial institutions. However, this assistance is only after a risk analysis in the project that needs the money made available.
