Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
What is the current debt coverage ratio of the property? (Hint based on the first year's information).
The Debt Service Coverage Ratio (DSCR) determines the capability of a company to use its operating income to pay back all its debt obligations, including repayment of principal and interest on both short-term and long-term debt. This ratio is frequently used when a company has any debts on its balance sheet such as bonds, loans, or lines of credit.
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