Many of us know what are churches for. Perhaps, you may be one of the million people who spends time every Sabbath day at church. Many thought these structures are holy possession of the Creator.
Thousands of believers remained unfortunate because they do not have any permanent place to go for their daily worship. There are countless reasons. Not having their own temple is one of them. The building process is very doable but the financial matters that it needs is quite crucial. There are many who suggested us to have some church mortgages. But we know so little about them. Here are that follows that can educate you even more.
Here is the tricky part. Most people are confused between loans and mortgages. Let us take a little closer study about them. You see, loan is the relationship and the processes wherein the creditors and the debtors are involved with. Otherwise, it is their money transaction.
On the other hand, mortgages are loans that are made secured by any collateral means, it is usually for a real estate property. The borrower will own the property. In which one has to pay over a certain period of time.
Moreover, there are various kinds of loans. There are these basic types that we can discover about. Let us learn more of the information that are as follows.
The open and close end loan is distinguished by the kind of limit being set by the borrower himself. The latter, also is define by the terms based on the agreement being made. Some of it includes the collateral undertakings.
Now that you understand these things, you might have the picture in mind of what is the situation about these mortgages. Before, these kind of undertakings are not known. Churches used to be independent and is built by its members accordingly. However, as the bible tells us, a Church is not the building but the believer himself. It is because the divine power of God through Christ is built in our hearts that made us his temple.
Unfortunately, only a few knows about this these days. They have known that a tabernacle is a structure for worship gatherings. But in addition to this, it also has a good side. It also compliments what God impressed to Paul, that everyone should regularly meet each other in fellowship. And because of it, building it is what is thought to be its support. Each of these things maintain our faith & give encouragements to one another.
Due to such desire of our brethren, the churches were built. Unfortunately, some of the newly founded churches have a hard time in building their own structures because of insufficient funds. They tried to solicit money from members but it is not enough to support the funds needed. So, the loan sharks came into the picture. They have introduced a different option, mortgage. Then these transactions began for many years. It still exists even up to now.
Thousands of believers remained unfortunate because they do not have any permanent place to go for their daily worship. There are countless reasons. Not having their own temple is one of them. The building process is very doable but the financial matters that it needs is quite crucial. There are many who suggested us to have some church mortgages. But we know so little about them. Here are that follows that can educate you even more.
Here is the tricky part. Most people are confused between loans and mortgages. Let us take a little closer study about them. You see, loan is the relationship and the processes wherein the creditors and the debtors are involved with. Otherwise, it is their money transaction.
On the other hand, mortgages are loans that are made secured by any collateral means, it is usually for a real estate property. The borrower will own the property. In which one has to pay over a certain period of time.
Moreover, there are various kinds of loans. There are these basic types that we can discover about. Let us learn more of the information that are as follows.
The open and close end loan is distinguished by the kind of limit being set by the borrower himself. The latter, also is define by the terms based on the agreement being made. Some of it includes the collateral undertakings.
Now that you understand these things, you might have the picture in mind of what is the situation about these mortgages. Before, these kind of undertakings are not known. Churches used to be independent and is built by its members accordingly. However, as the bible tells us, a Church is not the building but the believer himself. It is because the divine power of God through Christ is built in our hearts that made us his temple.
Unfortunately, only a few knows about this these days. They have known that a tabernacle is a structure for worship gatherings. But in addition to this, it also has a good side. It also compliments what God impressed to Paul, that everyone should regularly meet each other in fellowship. And because of it, building it is what is thought to be its support. Each of these things maintain our faith & give encouragements to one another.
Due to such desire of our brethren, the churches were built. Unfortunately, some of the newly founded churches have a hard time in building their own structures because of insufficient funds. They tried to solicit money from members but it is not enough to support the funds needed. So, the loan sharks came into the picture. They have introduced a different option, mortgage. Then these transactions began for many years. It still exists even up to now.
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