What is Mortgage & Mortgage loan
Answers were Sorted based on User's Feedback
Answer / manish panwar
Mortgage is a pledging of a property to a lender as a
security for a mortgage loan.
Is This Answer Correct ? | 138 Yes | 11 No |
Answer / sonali
A mortgage is a method of using property (real or personal)
as security for the performance of an obligation, usually
the payment of a debt.
A mortgage loan is a loan secured by real property through
the use of a mortgage (a legal instrument).
However, the word mortgage alone, in everyday usage, is
most often used to mean mortgage loan.
Is This Answer Correct ? | 99 Yes | 9 No |
Answer / pawan kumar
Mortgage is a legal agreement In which borrower takes the
loan from the lender(Financial Institute) against his property.
Is This Answer Correct ? | 61 Yes | 3 No |
Answer / ratheesh
A mortgage is a legal and security agreement of getting
money for the payment of debt to the borrower.
A mortgage loan is a type of financial loan providing
financial institutions or the individuals, such as lending
money to the borrower with the security of a real property
,real estate etc.
Is This Answer Correct ? | 36 Yes | 4 No |
Answer / shoukatali
A Mortgage loan is a loan secured by a real property
through the use of a note which evidence the existence of a
loan and encumbrance of the reality throughthe granting of
a mortgage which secures the loan. How ever the world
mortgage alone, in everday usage, is most often used to
mean mortgage loan.
Is This Answer Correct ? | 29 Yes | 7 No |
Answer / ayla
Mortgage is a legal agreement where the borrower seeks the
debt by keeping his property such as land or gold as security.
Is This Answer Correct ? | 26 Yes | 4 No |
Answer / mannu
Mortgage is a secured by a property or house & paid in
installments over a set period of time.
Mortgage loan is the amount of money taken from
lender(bank)by keeping the property as a security.
Is This Answer Correct ? | 23 Yes | 3 No |
Answer / yashpal singh
Mortgage concerned with taking loan from bank on behalf of
the property for a limited period of time.
Is This Answer Correct ? | 18 Yes | 5 No |
Answer / prakash
Mortgage is a pledging of a property to a lender as a
security for a mortgage loan.
Is This Answer Correct ? | 10 Yes | 1 No |
How the Basic salary will be fix for an employee?
Expand B O I
Why assets and expenses debited
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
How shall I calculate the true profit of my business, as I am a layman for accounting.
What is the need for harmonisation of accounting standards at global level?
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
WHAT ARE THE PRINCIPALS OF ACCOUNTING
closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the nextyear?
In case of Bad Debt such amount should be credited to 1.Cash account 2.Debtors account 3.Sales account
Expand T D R