Redang Island, one of the best places in the world is attracted by many tourists from various corners of the globe. Every year a wide numbers of tourists visit this place to explore this beautiful place as well as to carry out various activities that can make them feel satisfied. This island is famous for the white coral reefs, white sand, clear water, and many more. Here, one can carry out various activities like snorkeling, diving, trekking and many more.
A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise money to buy the property to be purchased or by existing property owners to raise funds for any purpose. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a "law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. Mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan).