The useful idea
- The useful idea
A mortgage loan or simply mortgage (), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing
- How it works
property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
- Why it matters
The loan is "secured" on the borrower's property through a process known as mortgage origination.
Why this matters
Use Mortgage to compare the trade-offs before committing money.
Try this
Use Mortgage to compare the trade-offs before committing money.
Test your recall
Which idea belongs to the explanation of Mortgage?
- How it works
- The useful idea — correct
- Why it matters
A mortgage loan or simply mortgage (), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing
General education only — not personal financial advice.