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Old 03-10-2016, 11:33 AM
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Default What Is a Mortgage?

What Is a Mortgage what is its use?
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Old 03-10-2016, 11:35 AM
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Default Re: What Is a Mortgage?

Wait a moment you will get answer as soon as possible there are many expert in this group i hope they will help you
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Old 03-10-2016, 11:39 AM
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Default Re: What Is a Mortgage?

I just want to know please tell me.
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Old 03-10-2016, 11:40 AM
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Default Re: What Is a Mortgage?

A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.
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Old 03-10-2016, 11:43 AM
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Default Re: What Is a Mortgage?

thanks for the information i am looking forward the same
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Old 03-10-2016, 11:44 AM
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Default Re: What Is a Mortgage?

most welcome if you need any kind of information feel frees to ask
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Old 03-10-2016, 03:54 PM
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Default Re: What Is a Mortgage?

The word mortgage is defined from Latin so if you want the real meaning of mortgage is as follows. Mort-Gage. Literally translated Mort means death Gage which means pledge. mortgage = death pledge

Hope this helps and technically it is financing secured on a property but the real meaning is as per the above.

Ged
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Old 18-10-2016, 02:05 AM
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Default Re: What Is a Mortgage?

Mortgage means charging a property (real property to be exact) to the creditor by the debtor but of course with the condition that it shall be paid within a period of time. There are mortgage brokers and lenders who can help you if you want to avail a home mortgage.

Hope this helps.
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Old 18-10-2016, 08:47 AM
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Default Re: What Is a Mortgage?

Quote:
Originally Posted by Amstead View Post
thanks for the information i am looking forward the same
Are you planning to mortgage something or to buy a mortgage property?
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Old 30-03-2017, 07:31 AM
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Default Re: What Is a Mortgage?

A mortgage is a loan that a lender gives you to help finance the purchase of a home. It is most beneficial to lend approximately 80% of the value of your home or less. The home you buy serves as security in exchange for the money you are credit to fund the home loan. A payment comprises of four parts: principal, interest, taxes and insurance. It is normally paid from month to month.
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