Owning real estate assets—whether it is your home or a commercial property—can prove to be a significant financial resource. For example, you could take advantage of a loan against property (LAP).
An LAP is a secured loan that uses real estate as collateral to access funds for multiple purposes. This financial solution is a versatile and cost-effective way to unlock the hidden value of your real estate assets. In this guide, we’ll explore what an LAP is and look into its key benefits.
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A loan against property (LAP) is a secured loan wherein borrowers pledge their residential or commercial property as collateral to borrow money from a lender. This loan allows you to leverage your real estate without selling it. This is a flexible source of financing that you can use to fund a variety of needs, from business expansion to personal expenses such as medical bills or education costs.
One …