What is Mortgage & Mortgage loan
- 15 Answers
- 53601 Views
- First Indian Corporation, Wells Fargo, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manish panwar
Mortgage is a pledging of a property to a lender as a
security for a mortgage loan.
| Is This Answer Correct ? | 138 Yes | 11 No |
Answer / sonali
A mortgage is a method of using property (real or personal)
as security for the performance of an obligation, usually
the payment of a debt.
A mortgage loan is a loan secured by real property through
the use of a mortgage (a legal instrument).
However, the word mortgage alone, in everyday usage, is
most often used to mean mortgage loan.
| Is This Answer Correct ? | 99 Yes | 9 No |
Answer / pawan kumar
Mortgage is a legal agreement In which borrower takes the
loan from the lender(Financial Institute) against his property.
| Is This Answer Correct ? | 61 Yes | 3 No |
Answer / ratheesh
A mortgage is a legal and security agreement of getting
money for the payment of debt to the borrower.
A mortgage loan is a type of financial loan providing
financial institutions or the individuals, such as lending
money to the borrower with the security of a real property
,real estate etc.
| Is This Answer Correct ? | 36 Yes | 4 No |
Answer / shoukatali
A Mortgage loan is a loan secured by a real property
through the use of a note which evidence the existence of a
loan and encumbrance of the reality throughthe granting of
a mortgage which secures the loan. How ever the world
mortgage alone, in everday usage, is most often used to
mean mortgage loan.
| Is This Answer Correct ? | 29 Yes | 7 No |
Answer / ayla
Mortgage is a legal agreement where the borrower seeks the
debt by keeping his property such as land or gold as security.
| Is This Answer Correct ? | 26 Yes | 4 No |
Answer / mannu
Mortgage is a secured by a property or house & paid in
installments over a set period of time.
Mortgage loan is the amount of money taken from
lender(bank)by keeping the property as a security.
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / yashpal singh
Mortgage concerned with taking loan from bank on behalf of
the property for a limited period of time.
| Is This Answer Correct ? | 18 Yes | 5 No |
Answer / prakash
Mortgage is a pledging of a property to a lender as a
security for a mortgage loan.
| Is This Answer Correct ? | 10 Yes | 1 No |
Queries for Big4 Articleship : Procedure of application and selection? ( Resume, Cut off ? Rank, Contacts needed, Exams, Interviews, General Questions ? Personality traits, Special Knowledge etc.)
4 Answers Ernst Young, HSBC, KPMG,
Capital is asset of the company. But why does it appear in Liability side of the balance sheet.
What is the difference between journal ledger and journal proper?
Expand---------PED
How to finalise the accounts of any private limited company?
BEP= Fixed cost/Contribution*sales .Any other alternative formula 4 BEP .
Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
What is the difference btwn "Sales" and "Turnvoer".
What is the difference between Risk, Threat & Hazard?
why are you selecting for the controlling area same company code?
what are accounting principles
Expand---------DEP
Audit 
