A Property Loan Package is basically a package of loans taken from one lender at a time with different installments. It has been designed for borrowers who have their own property and also do not wish to keep it with the lender. This can be a convenient way to finance your property and pay all the necessary bills at the same time. It is actually a package that consists of a Home Equity Loan, Commercial Loan Package and Reverse Mortgage. They are available in the market and you can choose from them as per your needs.
When you go for a property package, the total amount to be financed is lesser than the market value of the property. The package also provides you security by way of a loan guarantee or collateral. This is one of the easiest ways to avail funds for a new purchase.
