Mortgage


Definition of "Mortgage"

Lisa Williams
Lisa Williams Century 21 Olympian- Fort Bend

A lien that makes property security for the repayment of debt. Mortgages can finance the acquisition of real estate such as a home. A mortgage has certain benefits compared to other debt instruments such as possibly lower interest rates, less financing restrictions, and long maturity period.

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Popular Real Estate Terms

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Loan under which the owner of a home receives the equity in the form of a series of monthly income payments for life. Upon the owner's death, the lend ...

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Popular Real Estate FAQ

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