Mortgage Loan Book

About Mortgage Loan Book

Mortgage Loan Notes Book is an offline Mortgage Loan handbook application in the form of a textbook. Are you interested in Mortgage Loan lessons? This application is very suitable for all people who want to learn Mortgage Loan in a fun way.
Reading Mortgage Loan theory is one way you can memorize and prepare for your Mortgage Loan exam.

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Know that Mortgage Loan is one of the knowledge that you must learn. You can study Mortgage Loan anywhere, anytime with the offline Mortgage Loan Notes Book application.

A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".



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