No, this can be an unsecured version of mortgage and does not call for any equity.

3. Best ways to pay this mortgage?

A 3-month mortgage is actually repaid through cash or cheque. The last instalment maybe a little higher than the most important two. Personal loans tends to be repaid through a direct debit from bank account or ECS.

4. How are loan qualification determined?

Different debts have different qualifications standards. In the eventuality of a 3-month mortgage, the lender just views their repayment ability. Overall terms and conditions, banking institutions consider your standard provider income, credit rating, internet earnings alongside personal details before sanctioning a loan.

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