Description: A loan is money borrowed and repaid with interest over an agreed time, while a mortgage is a type of loan specifically secured by an immovable asset like a house, which acts as collateral. If the borrower defaults, the lender has the right to sell the property. Mortgages are used to finance property purchases or other needs using the property as security.
Fournie par: Shreenathji home finance
Ville : N/A
Contact : 9726179351
Catégories: Finance & Banking, Loan & Mortgages
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