Mortgage Meaning Finance

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Posted on September 21, 2018 at 11:05 AM

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mortgage Meaning in the Cambridge English Dictionary
mortgage definition: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself: 2. to borrow money to buy a house: 3. an agreement that allows you to borrow money from a bank or similar organization by…. Learn more.
Mortgage - definition of mortgage by The Free Dictionary
first mortgage - a mortgage that has priority over all mortgages and liens except those imposed by law second mortgage - a mortgage that is subordinate to a first mortgage chattel mortgage - a loan to buy some personal item; the item (or chattel) is security for the loan
Refinancing - Wikipedia
In the context of personal (as opposed to corporate) finance, refinancing multiple debts makes management of the debt easier. If high-interest debt, such as credit card debt, is consolidated into the home mortgage , the borrower is able to pay off the remaining debt at mortgage rates over a longer period.

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