Mortgages
A mortgage is a type of loan specifically used to purchase real estate, typically a home or a piece of property. It's a long-term loan, often spanning decades, with the property itself serving as collateral for the loan. Here's how mortgages work:
Mortgages
Mortgages are a crucial tool for enabling individuals and families to achieve homeownership by spreading the cost of a property purchase over time. However, it's important for borrowers to understand the terms of their mortgage agreements and to make timely payments to avoid foreclosure and protect their investment in the property.
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