Mortgage Process
Mortgage Process Interview Questions and Answers
Updated 17 Aug 2021
Q1. Wat is the mortgage
Ans.
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 f...read more
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