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Loan Against Property: How to Secure Funds Without Income Proof?
Finance10 months ago
Source: Loan Against Property: How to Secure Funds Without Income Proof?
Life always surprises us, and once in a while, that surprise might need money for something. There can be cases where one needs a huge amount of money, but what should one do if he does not have a regular source of income? In such a case, a loan against property, or LAP, can work. A LAP is a type of collateral loan where you get to secure the money by mortgaging your property, such as a house, land, commercial space, and so on.
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