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Debt: Mortgage

Super Glossary: Business / Debt / Mortgage

Mortgage: 

A loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. Repayments of the loan are usually made on a monthly basis over a long period of time, typically 25 years.
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  Keywords : Mortgage, Lender, Loan

Terms Related to Mortgage

Mortgage Broker: A person or company engaged in the arrangement of mortgages . . .

Secured Loan: A loan which is backed up by assets belonging to the borrowe . . .

 


 

 

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