Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The lending institution will sell the mortgage or claim the collateral in order to make up for its loss.
What is the short definition of a mortgage?
When you and a bank enter into a mortgage, the lender is granted the power to seize your properties if you are unable to pay back the loan amount plus interest. To purchase a property or borrow more money against value of the home you currently own, you can use a mortgage loan.
What exactly is a mortgage?
A mortgage payment with real estate as the security. Mortgages can be used to finance existing housing that the customer already owns, despite the fact that most people think of them being employed to pay for the purchase of either a property.
To know more about mortgage visit:
https://brainly.com/question/8084409
#SPJ4
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
