What Is A Mortgage

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Posted on February 05, 2019 at 15:39 PM

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What is a mortgage loan? A mortgage loan is a loan with a lien on real estate so that the lender has collateral until the loan is repaid. On any given date, the borrower is liable for the unpaid principal balance plus any accrued interest expense up to that point. It is common for mortgage loans to require monthly interest and principal payments that will repay the principal balance over a ...

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