Terms Beginning With 'm'

Mortgage

  • January 22, 2020
  • Team Kalkine

Mortgage is a form of loan which involves use of property or real estate as a collateral, wherein the borrower receives cash straight away, and agrees to make the repayment in full over a set time span with a predetermined set of payments. Generally, mortgage is used by people and companies to make big purchases of real estate without having to pay the complete purchase price in one go.

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