One of the great things in life is perhaps the coincidences we encounter from time to time. For example, discovering a life partner who might have the same birthday as us.
And when this loving couple thought their crazy coincidences had ended, they experienced another major one together!
Cassidy and Dylan Scott have always bonded over the fact that they share the same birthday. The couple celebrates their birthday on December 18, and the shared birth date is just one of the many things they have in common.
The young couple from Huntsville, Alabama, was expecting their first child together. Never did they think that they would end up sharing their birthday with another person – their own child!
Cassidy gave birth to their son on December 18, 2022. The Huntsville Hospital for Women and Children, where she delivered the baby, posted their story on Facebook, pointing out that the chances of this happening were one in 133,000.
Their daughter, Lennon, arrived at 12:30 a.m. on December 18, just narrowly making it in time to celebrate her birth with those of her parents!
People were thrilled at the coincidence this little family experienced.
Some people shared their own similar experiences.
Jennifer Giorgetti Padellford shared, “My husband, myself and our first born, our son, all share the same birthday. Welcome to the club! Our son is 31 now. It’s turned into “Padellford family holiday” for us over the years. Enjoy…and get used to people being amazed when you tell them lol! Happy birthday to you all!”
Another commenter named Barbara Moore McLendon shared the coincidence with the Scotts in every possible way! She wrote, “My husband, myself and my daughter all share the same birthday and it’s December 18 as well! Happy birthday to all!”
Another user commented with a simple congratulatory message to the family. Dianne Wyatt wrote, “Oh, what a special birthday! Congratulations!”
Honestly, this is truly an incredible thing to have happened. Coincidences are always fun to explore, but coincidences like this are on another level altogether!
Congratulations to the Scott family on their latest addition. Share this piece with others so they can enjoy this heartwarming story too!
Introduction
Are you in need of financial assistance but don't want to sell your property? A loan against property might be the ideal solution for you. This type of loan allows you to leverage the value of your property to secure a loan amount. In this article, we will provide you with a comprehensive guide on obtaining a loan against property. Follow these step-by-step instructions to make the process smooth and hassle-free.
Assessing Property Value
The first step in obtaining a loan against property is to assess the value of your property. You can hire a professional property evaluator or consult a real estate agent to determine its market worth. The lender will consider this valuation to calculate the loan amount they can offer you.
Researching Lenders
Once you have assessed your property's value, it's time to research different lenders who offer loans against property. Compare their interest rates, loan tenure, processing fees, and customer reviews. Choose a reputable lender that aligns with your requirements and offers favorable terms and conditions.
Document Preparation
To apply for a loan against property, you need to gather the necessary documents. The typical documents include:
- Property ownership documents
- Identity proof
- Address proof
- Income proof
- Bank statements
- Tax returns
Ensure that you have all the required documents ready and organize them for easy access during the application process.
Loan Application
Now that you have chosen a lender and prepared the documents, it's time to submit the loan application. Fill out the application form provided by the lender, providing accurate information. Double-check the form to avoid any errors or discrepancies.
Property Valuation
After submitting the application, the lender will initiate the property valuation process. They will send a representative to assess the property's condition, location, and market value. This valuation helps the lender determine the maximum loan amount they can offer you.
Loan Approval and Disbursement
Once the property valuation is complete and meets the lender's criteria, they will approve your loan application. The lender will communicate the approved loan amount, interest rate, and repayment terms. Upon agreement, the loan amount will be disbursed to your bank account.
Repayment Terms
Understanding the repayment terms is crucial before finalizing the loan agreement. The terms include the loan tenure, interest rate, and EMI (Equated Monthly Installment) amount. Ensure that you carefully review the repayment schedule and have a repayment plan in place.
Conclusion
Obtaining a loan against property can provide you with the financial flexibility you need without giving up ownership of your property. By following the step-by-step instructions outlined in this article, you can navigate through the process effectively. Remember to conduct thorough research, gather the necessary documents, choose a reliable lender, and understand the repayment terms.
FAQs
1. Can I obtain a loan against any type of property?Yes, you can obtain a loan against residential, commercial, or industrial properties.
2. What happens if I default on the loan repayment?Defaulting on loan repayment can lead to penalties, legal action, and the possibility of losing your property.
3. Is the interest rate fixed or variable for a loan against property?The interest rate can be either fixed or variable, depending on the terms agreed upon with the lender.
4. Can I prepay the loan before the tenure ends?Most lenders allow prepayment of the loan, but it may be subject to prepayment charges.
5. How long does the loan approval process take?The loan approval process can vary among lenders, but it typically takes a few days to a few weeks, depending on the documentation and property valuation process.
In conclusion, a loan against property is an excellent option for individuals in need of financial assistance. By following the step-by-step instructions provided in this article, you can secure a loan against your property efficiently. Remember to thoroughly assess your property value, research lenders, prepare the required documents, and understand the repayment terms. With careful planning and execution, you can leverage your property to fulfill your financial needs.