What is Mortgage & Mortgage loan
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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 |
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