What Is A Mortgage

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Posted on November 29, 2018 at 11:48 AM

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What is a mortgage? definition and meaning
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A mortgage loan is a loan with a lien on real estate so that the lender has collateral until the loan is repaid. On any given date, the borrower is liable for the unpaid principal balance plus any accrued interest expense up to that point. It is common for mortgage loans to require monthly interest ...

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