There are two main types of mortgage loans available for a buyer: Conventional Loans and FHA Loans. Conventional Loans are loans that are the traditional loans that are available from the traditional lenders...

Pledge denotes that the person who takes the loan must provide the bank with something that is worth the same amount as the money he/she are taking from the bank. Hypothecation is the practice where the...

FSI (Floor Space Index) and FAR (Floor Area Ratio) are unified development codes applicable in cities. This ratio is obtained by dividing the build-up area of a building to the total size of the plot....

Freehold refers the type of ownership of a property which is retained for indefinite period of time. The owner owns the land as well as the building in this case. On the other hand, leasehold refers to the...

There are several differences between an apartment and a condo. However, the one main difference between the two is based on ownership; condos are usually purchased on a loan and owned, whereas apartments are...