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 a loan where the borrower uses the equity in their home as collateral. The equity in your home is essentially the amount of your loan that you have paid off and therefore own in your home. These types of loans are also commonly referred to as second mortgages because they are taken out in addition to the first mortgage.