whats a morgage?

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2007-03-20 09:55:05 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

4 answers

It's a loan to purchase a real property, unless you have a cash to buy a house.

2007-03-20 10:57:08 · answer #1 · answered by Pluto 3 · 0⤊ 0⤋

I think you'll find the word should be 'mortgage'. It's a home loan. So if a property has a mortgage, the real 'owner' is the money lender as they actually hold the title (or deeds) to the property

2007-03-20 17:03:27 · answer #2 · answered by J9 6 · 0⤊ 0⤋

Is a loan from a bank or mortgage company for a house or property.

2007-03-20 17:02:36 · answer #3 · answered by littledueceb 3 · 0⤊ 0⤋

A mortgage is a loan for a piece of real estate - like a house. You pay it down over time like any other kind of loan. :)

2007-03-20 17:03:04 · answer #4 · answered by carpediemamt 3 · 0⤊ 0⤋