製品名:- Financial services
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説明: A loan is a sum of money borrowed from a lender and repaid with interest over an agreed-upon time, while a mortgage is a specific type of loan secured by real estate, meaning the property acts as collateral and can be seized by the lender if the borrower defaults. A mortgage enables the purchase of property without paying the full amount upfront, and the property's ownership only transfers fully to the borrower after the loan is completely repaid.
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