mortgage loan
DefinitionA 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.
... part of the Lending & Credit and Real Estate subjects.
Related Terms
mortgage banking, mortgage rate, note, prepayment risk, Real Estate Investment Trust, REIT, bancassurance, consumer finance, COF Index, fallout risk
mortgage loan appears in the definitions of these other terms on BusinessDictionary.com
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