🔤 Advance On A Mortgage ✨

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girvi par mazeed qarza, rehn par ziada raqam, mortgage par mazeed imdad

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📚noun

advance on a mortgage

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DEFINITION

additional loan on existing mortgage, extra payment secured by property, supplementary mortgage funds

EXAMPLE SENTENCES

The homeowner applied for an advance on a mortgage to finance the extensive renovation of his kitchen and roof. The bank approved the advance on a mortgage after re-evaluating the increased market value of the residential property. Borrowers must meet strict income guidelines before a financial institution will grant an advance on a mortgage. Securing an advance on a mortgage allowed the family to pay off high interest debt using lower home loan rates. The real estate advisor explained that taking an advance on a mortgage would increase total monthly loan repayments.

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additional loan equity release supplemental loan further advance

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mortgage payoff debt settlement loan clearance full redemption