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mortgage

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A mortgage is a loan which is secured by immovable property.

The mortgage loan is notarised on the title deed for a property. This means that the owner of a mortgaged property cannot sell the property without paying off the mortgage, or getting the lender's permission to sell the property.

Mortgages are usually intended to help a purchaser buy a property. A mortgage loan can, however, be applied to improving a property, or any other purpose.

A legal document that pledges property to a lender as security for the repayment of the loan. The term 'mortgage&quoot; is also used to refer to the loan itself.


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Terms that closely resemble "mortgage":

mortgage - A mortgage is a loan which is secured by immovable property. The mortgag...

mortgage - A legal document that pledges property to a lender as security for the re...

mortgage banker - An individual or company that uses it's own funds to make and/or service ...

mortgage bond - A limited real right held by a lender for a loan secured by immovable pro...

mortgage broker - An individual or company that arranges financing between the lender and t...

mortgage insurance - Insurance which protects the lender in the case of a loan default. Mortga...

mortgage-backed security - A financial security that represents an undivided interest in a group of ...

mortgagee - The lender who lends money to someone against registration of a mortgage ...


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