What is a mortgage? A mortgage loan otherwise known as mortgage is the conditional conveyance of real property as security for the repayment of a loan. It is some sort of collateral security in terms of real estate put up by the borrower (aka mortgager) to the lender (aka mortgagee) in exchange of funds for any purpose. In most all cases the lender is usually a financial institution such as a bank, credit union, etc. Mortgages are diverse and vary from place to place depending on the laws and...


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