Everything You Need to Know about Property Equity Term Loan.pdf - 0 views
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alvinalicia on 05 Feb 16Everything You Need to Know about Property Equity Term Loan - Certain banks allow you to cash out on your property between 70% and up to a maximum of 80% of the valuation limit of your property. The amount that will finally be approved for your cash out against your property will depend on your total debt servicing ratio and the approval of the bank. The interest rate and the tenure terms regarding the cash equity / property equity on your property will more often than not be similar to the first charge mortgage loan.