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Loans

Clear title

Allow me to introduce to you the concept of "clear title". This term refers to a title that is unquestionably free from any doubts or legal issues. When a property has a clear title, it means that there are no outstanding claims or burdens on the ownership. This is an important term to understand in the world of finance, as it ensures the security and validity of a property's ownership. Essentially, a clear title gives a property a clean slate, making it a valuable asset.

Annual Reducing Method

Let's dive into the concept of diminishing balance method, a technique used to calculate interest on loans. The reduced principal is taken into consideration at the end of ...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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Stamp Duty

When we talk about finance, one term that often comes up is "stamp duty." This refers to the fee or duty that is paid on various financial documents, and the rate varies fro...

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Eligibility

Lenders have established a commonly accepted set of standards to assess an individual's eligibility for a loan. This criteria takes into consideration both the borrower's wi...

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