mortgage loan
Definition
A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan. The mortgagor's lien on the property expires when the mortgage is paid off in full.
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'mortgage loan
' appears in the definitions of these other terms on BusinessDictionary.com back-end ratio, mortgage redemption insurance, buydown, renegotiable rate mortgage, mortgage risk, and
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