Few things manage to move us in these rather difficult times. One of them is this photo of a little boy assisting his mother in labor.
When Hollie Lou, a woman from Ohio, USA, became a mother for the third time last year, she needed support and emotional support from those around her. She had an impressive team of doctors with her, but also her 9-year-old son, Charlie, who always stayed by his mother’s side and assisted her throughout the labor. He even assisted the doctors throughout the birth.
Hollie says she didn’t for one second ask her son to be by her side during the birth, it was his initiative. “Boys are rarely given the opportunity to do such things. Birth and breastfeeding are completely natural things, so when my boys asked me to be with me when I gave birth, I agreed. You have so much to learn when a baby comes into the world, I didn’t want them to miss this opportunity,” said Hollie, who also has a boy two years younger than Charlie.
The woman says that she prepared the boy for this moment and that they watched all kinds of birth materials together. Charlie even attended a childbirth preparation class, which helped him better understand what his mother’s body goes through throughout labor. Basically, Charlie took the place of a doula, being a real support not only for his mother but also for his newborn sister.
Although there’s understandably no way for a 9-year-old to have professional training or hands-on experience when it comes to assisting during a childbirth, the amount of mental support her oldest son offered got Hollie through the toughest moments of labor.
“Having Charlie present through the hardest part of my labor gave me strength when I doubted myself,” said Hollie. “His calming touch between contractions was so sweet and grounded me, and it allowed me to regain my focus. Both our sons spent a lot of time preparing to play a supporting role. Charlie took to the role very naturally. My sons asked to take a mini-childbirth education class, which I taught, to prepare them mentally for witnessing birth. Having the people I care about the most cheer me on during the hardest thing I’ve ever done was exactly what I needed to get through it. His presence helped remind me that I had done this before and that I could do it again.”
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.
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.
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.
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.
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.
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.
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.
FAQs1. 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.