Debt Dictionary

Mortgage

Home -> Mortgage

A Mortgage is a special type of loan, used to buy real estate. Getting a mortgage is essentially financing a real estate property (you donít pay the full property price upfront). The money that the buyer actually puts toward buying a real estate is called down payment. Most personal property purchases around the world are done with mortgages.

A mortgage is usually secured by the property bough with the mortgage loan.



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