Best Mortgage

What is mortgage and what is loan??? And what is the difference between these terms.
What is loan in fact??? A loan is some kind of debt. Like all kind of debt instruments, a loan entails the redistribution of any kind financial assets over time. Or something like that. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at costs, referred to as rates on the debts.Acting as a provider of loans is one of the principal task for financial institutions. For banks loans are generally funded by deposits. For other institutions issuing of debt contracts, such as bonds is a typical source of funding.

Other types of debt include mortgages, credit card debt, bonds, and lines of credit.
What is mortgage by the way??? A mortgage is a very common type of debt instrument, used by many individuals to purchase housing. In this arrangement, the money is used to purchase the property. The bank, however, is given the title to the house until the mortgage is paid off in full. If the borrower defaults on the loan, the bank can repossess the house and sell it, to get their money back.The abuse in the granting of loans is known as predatory lending. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over him or her.

I had a friend and once upon a time he needed money, emergency Cash!!! Of course, he asked me to give him money …  But I don’t wanna give it to him, because I consider that  “the best way to loose a friend is to give him a loan” And the most interesting thing in this situation is that I know that he will return this money in one hundred years, and even if I’d give him, I’d expected it in a month returned. I general, he doesn’t want to know about me anything and doesn’t even wanna talk to me… Am I wrong????

It makes some problems for small and medium-sized businesses in Russia, which has some problems to share, for example, an office place, just because they don’t have enough money to take on lease some space. Until some changes doesn’t introduced in the mortgage law, the participant of the market have to find some ways to survive. 

Though, the logical consequence of actions is infringed: we need to buy the object (the shop or the office) first and only then to put up, in order to get the credit. Casual mortgage schedule doesn’t work there. The borrower tenders first deposition. This is usually about 25 – 30 per cent. And the rest sum he raises time by time he pays all the necessary he should to pay. And then he is the owner. It doesn’t work there at all…  

Business mortgage schedule is familiar to mortgage schedule: the same procedures of the mortgager and the object, the same payment and etc. But the main and the principle difference is that the legal system doesn’t let the companies to finalize the mortgage till the deal is stricken. 

Commercial mortgage or just business mortgage – is rather new phenomena on the Russian mortgage market. It’s widely-spread all over the world. The aim of business mortgage is to credit of buying real estate. Obviously, we can see the advantages of this schedule by many options. But anyway there are a lot of disadvantages as well. 

How do they live there? – I mean the USA, GB, Switzerland & etc. It’s a hard system, much less humanistic that in Russia, for example. But it’s humanistic less as proudly it sounds because its inhumanity installed in some kind of conception of justice. This system makes people be very careful, - inner censor is very deep inside of them; they understands (not on the word-level), but on the level of the experience of they mummy, daddy and granny that laid-down from the MATRIX is very hard to go back there, lost your job you are really faced with your problems alone, and you’ve mortgaged your house(amount of commercial credit in the USA equal to the GNP – all states are living on credit, on debt). It’s impossible to live on Credit - because you must pay the interests, and the general part of your debt, and it makes your to be more disciplined, but not the asking, like it’s in Russia – “It’s better not to drink!!!” , “Work WELL!!!” Negative stimulates to work have really dominant, and only very narrow part of people (like the ones who works in Silicon Valley) assimilate labor as a kind of inner need, that much more closer to the Marx-Lenin labor interpretation. 

I had dinner and watched some news yesterday. And saw a piece of reporting about credit as such. In particular, there were said, that in the USA, where every first lives on credit, psychological dependence for the way they live has established (“mortgage life”) and conformable a psychological illness has determined (something beginning with “a”) I don’t remember exactly. There were recognized that according to the statistic every second who lives on Credit suspected to hard stresses and every 10th suspected to Suicide. May be someone has another opinion.

In my opinion living on Credit is always profitable for banks and always unprofitable who pays for it. J I understand that, for example in the USA almost everyone living on Credit, - You were fired, for example, and as the result you don’t have your car, you house, you yacht and even you couch. Living in the USA is the life only on credit. In general, you have anything, and you have just nothing. In Russia Credit System is almost undeveloped and living as Americans Russians won’t very soon. It’s my opinion, but a good one. $)   

Early in April, Serge put up a request for a loan of $4,300, offering an interest rate to lenders of 12.9 percent. “This loan is probably the hardest thing I have had to ask for in a very long time, and I appreciate your help,” his listing began. 

Serge went on to describe his situation. He receives financial aid, he said, but his next disbursement doesn’t come until September, and he’d have a hard time until then. But he assured possible lenders that his future looked bright. He’s in his last year of school, and he expects to find a job soon. “I don’t anticipate any problems paying this loan back,” he wrote. 

Despite his assurances, a risk-averse investor would have found much to be wary of in Serge’s listing. His chosen field of study is creative writing, not a major known for the swiftness with which it places graduates in steady employment. There’s a more basic problem, which is whether you can trust him. Serge posted a photograph — he’s seated at a desk, writing, a cat perched nearby — and though he looks decent enough, it would have been impossible for any lenders to know for sure that Serge was really a student due to get a financial aid check in September, and was not, instead, just practicing his creative writing to get some quick cash. 

As it happened, people believed Serge’s story, and he got his loan. But that’s not the case with everyone. Lending money on Prosper is no different from lending money in real life — it’s possible, and some might say likely, that some people aren’t who they say they are, and that they won’t pay you back. Prosper is explicit with lenders about this risk, and it advises people to get around it by diversifying. If you have $5,000 to invest in Prosper, the site encourages you to spread your money among many people. Every loan on Prosper lasts for three years (borrowers face no penalty for paying the loan early). If you give $50 to 100 people who have a credit grade of C, chances are that over the course of three years, some people — about three, according to Hesperian — will default on their loans. But if you get a 15 percent return on your money from those who do pay you back, you’ll make more than $2,000 on your $10,000 investment, enough to cover your losses.