Wat is the mortgage

Question

Wat is the mortgage

Accepted Answer

A mortgage is a loan used to purchase a property, where the property itself serves as collateral for the loan.

A mortgage is a financial agreement between a borrower and a lender.
It allows the borrower to purchase a property by borrowing money from the lender.
The property being purchased serves as collateral for the loan.
The borrower makes regular payments to the lender, including both principal and interest.
If the borrower fails to make payments, the lender has the right to foreclose on the property.
Mortgages can have different terms, interest rates, and repayment periods.

Accepted Answer

Mortgage is financial company it's relative borrower to lender it's property with the lender to avial this type of mortgage loan