A.Dear Client,
A mortgagor can opt for a one-time settlement of a loan created through a mortgage by repaying the entire outstanding against the loan to save the interest and get the status of the title of the property/asset encumbrance-free. On settlement of a mortgage loan, a Deed of Release is executed between the Mortgagor and Mortgagee Bank that is also required to be registered under the Registration Act to make the document valid and enforceable.
A mortgagor can opt for a one-time settlement of a loan created through a mortgage by repaying the entire outstanding against the loan to save the interest and get the status of the title of the property/asset encumbrance-free. On settlement of a mortgage loan, a Deed of Release is executed between the Mortgagor and Mortgagee Bank that is also required to be registered under the Registration Act to make the document valid and enforceable.
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A.Dear client,
The lender may give you a one-time settlement option where you take some time off and then, settle the loan in one go.
The lender may give you a one-time settlement option where you take some time off and then, settle the loan in one go.
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Md Tahseen Ahsan
Replied 8 months ago
Dear Sir,thank you so much for your valuable advice.But manager told me that mortage loan can not settle and you have to pay full amount to close the loan.and this bank processing charge hi very high,every months the debited my balance in the name of processing.please guide me sir.
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