A mortgage is a process of using assets as security for the compensation of a debt. The term mortgage refers to the legal apparatus used in securing a property; however it is also normally used to refer to the debt secured by the mortgage. In the majority of jurisdictions mortgages are strongly linked with loans secured on real estate rather than other property and in some cases merely land may be mortgaged. Arranging a mortgage is seen as the typical method by which individuals or businesses can purchase residential or commercial real estate with no need to pay the full value immediately. In many countries it is usual for home purchase to be funded by a mortgage. In countries where the requirement for home ownership is highest, strong domestic markets have developed View the rest of this article
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment