Mortgage – Loan against property

Mortgage is one more type of Loan. In simple term when buyer takes the loan from lender against his/her property, it’s called mortgage. Mortgage is well known as the transfer of an interest in property by owner to a lender as a security for a debt.

Mortgage is a security for the loan that the lender makes to the borrower for a precise period of time.

Deed of Trust
Basic term of Mortgage

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