Package loan - Definition

A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances. Generally, a consumer would consider a package loan if he was buying a home that was being sold unfurnished. This arrangement has the advantage of streamlining the loan Process and can eliminate excess financing costs. The obvious reason for needing a package loan would be if a buyer found a house that came without furniture or appliances.

Terms near "Package loan"

Package mortgage
Package policy
Paid up
Paid-in capital
Paid-in surplus
Paid-up capital
Painting the tape
Paired sales analysis
Pairing off
Pairs trade
Ready to Trade!
First you'll need an online broker. See how much you can save by visiting Forexbite Broker Center.

Package loan - Related articles & news

Top 5 factors that affect exchange rates ...

There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

Forex Navigation