Mortgage Associate Interview Questions and Answers for Freshers

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

• Mortgages are typically long-term loans, with repayment periods ranging from 15 to 30 years.

• Interest rates on mortgages can be fixed or adjustable, and are based on factors such as credit score and down payment amount.

• If the borrower fails to make payments on the mortgage, the lender can foreclose on the property and sell it to recoup their losses.

• Mortgages are common...read more