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Understanding The Concept Of Mortgage Loans - Education - Nairaland

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Understanding The Concept Of Mortgage Loans by kellyjoesteve: 7:53am On Apr 17, 2015
You may ask, what exactly is a mortgage? worry no more, and thank your goodness. Because today that is one of the reason am here to answer that question for you, so allow me to put it in a simple way for you to understand right. Simply take note that a mortgage is a loan given out to individuals by a bank or other lending institution designed for the purchase of a home. believe me is not that difficult to understand or digest. Or you can also say. A mortgage is a security
backed loan, simple. Done mind my English it just means that when a person goes into a bank to get a mortgage, the bank will actually own the physical home, and continue www.careinsure..com

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