Question

what are the Collateral maintained by the government and the documents required by a body during house loan​

Answer 1

Answer:

Collateral is an asset pledged to a lender until a loan is repaid. If the loan isn't repaid, the lender may seize the collateral and sell it to pay off the loan. Obvious forms of collateral include houses, cars, stocks, bonds and cash -- all things that are readily convertible into cash to repay the loan.

A collateral charge is a method of securing a mortgage or loan against your property. ... Unlike a standard mortgage, a collateral charge is readvanceable — That means the lender can lend you more money after closing without you needing to refinance and pay a lawyer.