Insurance in the United States ( Loan Mortgage loan )

Insurance 

 in the United States refers to the market risk in the United States, and the largest insurance market in the world in terms of the size of the annuity.  of 4.640 trillion dollars in gross written premiums in all parts of the world in 2,013.1274000000000 USD (27%) were written in the United States. 

In general insurance is a contract in which (the insurance company, mutual insurance company and reciprocity, or Lloyd Union, for example) the insurance company undertakes to indemnify or compensate the other party (the insurer, the insured or the beneficiary) to a loss of momentum or damage to a particular thing (the For example, an item or property or life) of certain risks or risk for a fee (premium).  For example, can the insurance company on the property agrees to bear the risk that a piece of land (such as a car or a house) and one may suffer one or more of the types of damage or loss for specific purposes will be a period of time in exchange for payment of the insured to be at odds shall be liable for such damage or loss. This agreement takes the form of an insurance policy.

 Loan

 In the field of finance, the loan is a debt provided by a single entity (organization or individual) to another entity in the interest rate, is clearly to note that determine, among other things, the principal amount, interest rate and the date of payment. Involves redistribution of assets under loan reserve (s) for a period of time, between the lender and the borrower.In the loan and the borrower gets the start or borrow a sum of money, called the principal, the lender, and forced to pay or repay an equal amount of money to the lender at a later date.Provide overall cost of the loan, known as interest on the debt, which is an incentive for the lender to participate in the loan. In the legal loan, is to impose these obligations and restrictions in the contract, which can also put the borrower under additional restrictions known as loan agreements. Although this article focuses on cash loans in practice can be lent any physical object.As loan provider is one of the main tasks for financial institutions. For other institutions, and the issuance of debt contracts such as bonds is a typical source of funding.

 Mortgage loan

 Mortgage loan, also called a mortgage, and is used by the real estate buyer to raise funds to buy the property to be purchased or existing owners to raise funds for other purposes. The loan is a "lock" on the property of the borrower. This means that the legal mechanism is in place that allows the lender to take possession and sale of the secured property ("mortgage" or "Property") to repay the loan if the borrower defaults on the loan or fail to comply with its provisions. Derived from the word mortgage "French law," a term used by English lawyers in the Middle Ages meant "pledge of death," and refers to the promised end (death) when one has to fulfill the obligation or the taking of property by foreclosure.

Mortgage Borrowers may be individuals in their homes or businesses they can be held commercial real estate (for example, its own commercial buildings, residential buildings leased to tenants or investment portfolio). The lender will usually a financial institution, such as the banking community, the Western credit or building, depending on the country and loan arrangements can be made either directly or indirectly through intermediaries. Mortgage characteristics such as loan size, loan term and the interest rate and mode of repayment of the loan, and other characteristics can vary considerably. The rights of the lender on the insured property have priority over other creditors, which means that the borrower if he becomes bankrupt or insolvent and unable to pay other creditors of the debt due to them from the sale of secure property if the mortgage has been paid in full first.In many countries, but not all (Bali, Indonesia is an exception ), it is natural for the purchase of homes that will be funded by a mortgage. Few people have enough savings or liquid funds to enable them to buy the property outright. In countries where the demand for home ownership is higher, and put a strong domestic market for mortgages.