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Sunday, August 5, 2012
mortgage
Definition
A
loan
to
finance
the
purchase
of
real estate
, usually with specified
payment
periods
and
interest rates
. The
borrower
(
mortgagor
) gives the
lender
(
mortgagee
) a
lien
on the
property
as
collateral
for the loan.
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http://www.investorwords.com/3124/mortgage.html#ixzz3qDTAZdoP
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