Description: Do THIS To Lower Your Monthly Mortgage Payment, How To Calculate Your Mortgage Payment, How To Lower Your Monthly Mortgage Payment ( DO THIS NOW ), Do This To Pay Off Your Mortgage Faster & Pay Less Interest
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A mortgage loan , also referred to as a mortgage , is used by purchasers of real property to raise funds to buy real estate; or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured " on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property (" foreclosure " or " repossession ") to pay off the loan in the event that the borrower default
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants or an investment portfolio ). The lender will typically be a financial institution, such as a bank , credit union or building society , depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the l
Mortgage may refer to: