Define Mortgage Loan Mortgage

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Posted on September 16, 2018 at 10:20 AM

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What is mortgage loan what does mortgage loan mean

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Mortgage financial definition of mortgage
Mortgage. A mortgage, or more precisely a mortgage loan, is a long-term loan used to finance the purchase of real estate. As the borrower, or mortgager, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property.
Definition of MORTGAGE LOAN - Merriam-Webster
: a loan secured by a mortgage on real property Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Define Mortgage, Types and detail in Mortgage loan | Jaiib ...
A mortgage is a loan in which property or real estate is used as collateral.The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.

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