Mortgage Process Interview Questions and Answers

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