mortgage loan Definition

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 is ...
... part of the Lending & Credit and Real Estate subjects.

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mortgage loan appears in the definitions of these other terms on BusinessDictionary.com

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