Mortgage

A Loan to Finance the Purchase of Real estate, usually with specified payment periods and Interest rates. The borrower (mortgagor) gives the Lender (mortgagee) a Lien on the Property as Collateral for the loan.

Related Terms: 19 Borrow, Collateral, ECI, Finance, FIN, Interest, Interest rate, Lend, Lender, Lien, Loan, Mortgage, Mortgagee, Mortgagor, Owe, Purchase, Property, Real, Real estate

Other Related Pages: Category: Real_Estate Starting With: M

Additional Related Terms: Allowance for depreciation, Average collection period, Adjustable rate, Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part, At best, At call