A Mortgage Is A

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What is a Mortgage? (with pictures) - wisegeek.com
A mortgage is a loan to purchase a home or other piece of property. A mortgage payment should not exceed 28% of the total income of a qualifier. With a mortgage, the lender holds the deed to the property as collateral. A mortgage is a loan a person uses to pay for a piece of property.
What is a mortgage?
What is a mortgage? Answer: A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you ve borrowed plus interest.
Mortgage | Definition of Mortgage by Merriam-Webster
A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.

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