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What is Mortgage & Mortgage loan

Answers were Sorted based on User's Feedback



What is Mortgage & Mortgage loan..

Answer / manoj

pledge of a property as a security for debt.

Is This Answer Correct ?    5 Yes 0 No

What is Mortgage & Mortgage loan..

Answer / satish

Mortgagge is a pledging of property by it is using by the way of it is usefull&loan is in way of land Home etc....
The two are main when the problems comes in my view.

Is This Answer Correct ?    3 Yes 0 No

What is Mortgage & Mortgage loan..

Answer / ali imran

Mortgage loan could be in instalments or could be in lump sum amount.

It could be for limited time or could be for undefined time period. Depend upon the company's position in the eye of lender.

Normally mortgage lender is considered as secured creditor and it is limited to time period & paid as lump sum amount.

Is This Answer Correct ?    3 Yes 2 No

What is Mortgage & Mortgage loan..

Answer / reji

mortgage is a legal agreement by which bankers, builers,society etc. lends money at interest in exchange for taking title that the deptors property. mortgage is a dept instrument.

Is This Answer Correct ?    1 Yes 0 No

What is Mortgage & Mortgage loan..

Answer / shaheen begaum

PLEDGING FOR THE PROPERTY,AGREEMENT OF SALE AND LINKED
DOCUMENTS WHICH IS GOING TO HANDOVER TO THE LENDER OF THE
MONEY ON BEHALFUSING IT.

Is This Answer Correct ?    6 Yes 7 No

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