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Old 04-10-2011, 06:59 AM
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Default What is a mortgage?

Hello guys....!
What is a mortgage....?How does it affect the financial system...? Thanks in advance.... Your suggestions will be highly appreciated...!
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Old 04-19-2011, 12:14 AM
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A mortgage is defined as a temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
If you want to know more about mortgage then get help from truth about the!
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Old 04-26-2011, 02:39 AM
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A mortgage is finance loan which was used to purchase real estate which was get for specified period and on interest rates. In this deal there are documents which are lend by lenders from owners and documents are security and became evidence to us about property.

Last edited by kristiegarza : 04-26-2011 at 02:41 AM.
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Old 01-07-2013, 11:57 PM
Edwin101 Edwin101 is offline
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Join Date: Jan 2013
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A mortgage is a loan procured by a buyer to pay off the seller of a piece of property in full. The buyer then owes the lender the total amount borrowed, plus interest and fees. As collateral or guarantee of payment, the lender of holds the deed or ownership of said property, until the buyer pays the mortgage off. However, the buyer occupies the property as if it were already his or her own.
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