A mortgage is a used loan to finance the purchase of real estate. A mortgage usually has specified payment periods and interest rates.
The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan.
Finding Financial Freedom
A mortgage is a used loan to finance the purchase of real estate. A mortgage usually has specified payment periods and interest rates.
The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan.