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Definition:


Mortgage




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A mortgage is a used loan to finance the purchase of real estate. A mortgage usually has specified payment periods and interest rates.

The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan.


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This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.

 
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