Mortgages are loans that enable individuals to buy property by borrowing money from a bank. Repaid over time, typically through monthly installments, mortgages use the purchased property as collateral. Different types of mortgages exist, with varying terms and conditions, so it is critical to fully understand all aspects before getting a mortgages.
A reverse mortgage is a financial option for homeowners aged 60 or older, allowing them to convert home equity into funds without monthly repayments. The loan is repaid when the homeowner sells the property, moves out, or passes away, providing a way to supplement retirement income or cover expenses.
Corporate finance refers to the financial decisions and activities undertaken by businesses to manage capital and enhance shareholder value. It involves functions like capital investment, financial planning, and risk management, all aimed at optimizing a company's structure and financial decisions for sustainable growth and profitability.
