What is mortgage loan

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Accepted Answer

A mortgage loan is a type of loan used to finance the purchase of real estate, where the property itself serves as collateral for the loan.

A mortgage loan is a secured loan, meaning that the borrower pledges the property as collateral to the lender.
It is typically used by individuals or businesses to purchase residential or commercial properties.
The loan amount is determined based on the value of the property and the borrower's creditworthiness.
The borrower makes regular payments, including both principal and interest, over a specified period of time.
If the borrower fails to make payments, the lender has the right to foreclose on the property and sell it to recover the loan amount.
Mortgage loans can have fixed or adjustable interest rates, and the repayment term can vary from a few years to several decades.

Accepted Answer

Mortgage against to mortgage hirer property, it, s minc bank is sef that loan secure his loan because hirer mortgage her any property to bank

Accepted Answer

A Proaperyty loan in which a company secured a property n in defult acompany is honour of the property

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