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Indian home buyers await price, mortgage cuts

Indian home buyers await price, mortgage cuts

This is a discussion on Indian home buyers await price, mortgage cuts within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; MUMBAI (Reuters) - Real estate developers will need to cut prices sharply in the second half of the financial year ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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10-16-2008, 07:40 AM

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Indian home buyers await price, mortgage cuts

MUMBAI (Reuters) - Real estate developers will need to cut prices sharply in the second half of the financial year to convert demand into actual sales, as potential buyers continue to wait on the sidelines, industry watchers say. b.../b

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await, buyers, cuts, home, indian, mortgage, price

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