What is a mortgage loan? 5 things to know about it.

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• Posted on April 17, 2020March 2, 2021

What is a mortgage loan? 5 things to know about it. When one avails a loan to meet financial emergencies, we often come across the word ‘mortgage’ in our application forms and wonder what it means. In simple terms, mortgage means ‘security,’ security that we need to provide to the financial company for extending a loan to us. When we opt to take a secured loan from a bank or…