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What is Mortgage & Mortgage loan

Answers were Sorted based on User's Feedback



What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

Answer / manish kumar

Taking loan from bank behalf of property

Is This Answer Correct ?    26 Yes 5 No

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

What is Mortgage & Mortgage loan..

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

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