Mortgage For Purchasing Real Estate
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Mortgage is a loan for purchasing real estate, in which the real estate itself acts as the biggest guarantor of the loan.
Mortgage means using property for the payment of debt. The two main participants in a mortgage are creditors (also known as lender or mortgagee) and debtors (mortgager or borrower). There is also need of legal participants: solicitor, lawyer and conveyancer.
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Submitted by admin on Tue, 2006-12-05 07:07.