Bao Kou Julie Yang and Bao Nhia Julia Yang welcomed baby girls on Nov. 4 at Fresno, California’s, Community Regional Medical Center
Identical twin sisters Bao Kou Julie Yang and Bao Nhia Julia Yang grew up doing everything together. But the close-knit sisters never thought they’d end up giving birth on the same day.
Their due dates were actually two days apart, but they both went into labor a week early on Nov. 4, with Bao Kou welcoming her first baby Nadalie Xiong less than one hour before Bao Nhia gave birth to her third child, Candra Thao, at Fresno, California’s, Community Regional Medical Center.
“We both weren’t expecting this, to say the very least,” Bao Kou tells PEOPLE, adding that she found out her sister was in labor in the next room shortly after delivering Xiong. “I was definitely in shock, but I was happy for the both of us. It’s really a miracle.”
The sisters, 23, were reunited just a few hours after their respective deliveries, and Bao Kou says the reunion was “emotional.”
“We were just feeling a lot of love and care for each other. We’ve gone through a lot,” she tells PEOPLE. “We definitely were there for each other and we both reminded each other that no matter what happened, we were always going to have each other.”
The births come after tragedy for the sisters, who both previously suffered miscarriages within months of each other.
“My sister and I went through miscarriages together and that definitely brought us closer,” Bao Kou says. “Being able to see her, being able to have her be there and keeping me together after our miscarriages was something that was very important to me.”
Now, Bao Kou says being a first-time mom isn’t easy, but she’s glad to have Bao Nhia at her side. As for their little ones, Bao Kou says she hopes their daughters grow up to be just as close as the sisters.
“They seem to get along with each other. They fall asleep next to each other fine. They cry at the same time,” Bao Kou says of the babies.
“I think that me and Julia will try our best to ensure that our children know what a close bond she and I have. Hopefully they will get to share that as well.”
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.