The most common form of debt in the real estate context is the mortgage. It's a loan that is secured by the property.
When the debt is issued, there's an agreement stating the cost of debt (i.e. the interest rate charged) and the terms of the debt.
The cost of debt is often tax deductible, it means interest can be subtracted from taxable income.
Faro, Algarve - Portugal
At new MindEstate we provide Financial Advice on three different Fixed-rate Mortgages.
(1)Interest only mortgage, (2)Constant Amortisation mortgage and (3)Constant Payment mortgage.
If you request our services and advice on Mortgages, you will receive from us a detailed report to assist in your decision making.
Contact us for more details.
+31 (0) 6 51760042
Comments