Countries that actually refer to themselves in some way as social democracies or democratic socialist nations in their respective constitutions include Bangladesh, India, North Korea, Portugal, Sri Lanka and Tanzania.
Second Home. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes. Investment Property. A property that is not occupied by the owner and is typically utilized for rental income purposes.
A home equity loan is also called a second mortgage. It allows the homeowner to borrow against home equity (which is the difference between the property value and the balance of the mortgage against it). The home equity loan delivers a lump sum at closing and is repaid in monthly installments. Most home equity loans have fixed rates, but some are adjustable.