If a person or financial organization has a first mortgage on a property they have the right to be. That if they are not repaid the lender will be able to foreclose on the real estate assets.
And the financial interest rate.
Mortgage meaning in english. Meaning pronunciation translations and examples. 15th century in the meaning defined at sense 1. History and etymology for mortgage.
Mortgage lending will also take into account the perceived riskiness of the mortgage loan that is the likelihood that the funds will be repaid usually considered a function of the creditworthiness of the borrower. Mortgage synonyms mortgage pronunciation mortgage translation english dictionary definition of mortgage. 15th century in the meaning defined at sense 1.
A mortgage is a loan of money which you get from a bank or building society in order to. First known use of mortgage. Loans mortgage mortgage 1 md mr w3 noun countable 1 bfl a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house and pay back the money over a period of years your building society or bank will help.
The document specifying the terms and conditions of the repayment of. Mortgage definition is a conveyance of or lien against property. From longman dictionary of contemporary english related topics.
English mortgage is a type of mortgage where the ownership of property is transferred to the mortgagor on a condition that the mortgagee will transfer the ownership on repayment of the loan the title deeds are transferred to the mortgagee reverse mortgage a reverse mortgage is a. Middle english morgage from anglo french mortgage from mort dead from latin mortuus. An agreement that allows you to borrow money from a bank or similar organization especially in.
A loan for the purchase of real property secured by a lien on the property.
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