What is a mortgage?
A mortgage is a loan to finance the purchase of real estate, usually with specified payment periods & interest rates.
Answered -
Older Answers
A mortgage is the money borrowed against a piece of real estate.
Answered by Christie E. -
A mortgage is a lien on a property/house that secures a loan and is paid in installments over a set period of time.
Answered by Carl M. -
A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.
Answered by April R. -
A mortgage is a conveyance of or lien against property that becomes void upon payment or performance according to stipulated terms
Answered by Janice H. -
Mortgage is a conditional conveyance of property as security for the repayment of a loan. Also put up as security or collateral.
Answered by Eli M. -
About Real Estate
Real estate refers to property such as homes, buildings, land and other property that is immovable. The real estate business is one of the largest in the U.S. and bad loans made by irresponsible financial institutions were one of the main causes of the great recession of 2008.
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