Mortgage
From Real Estate
A mortgage is the act of using property, normally real estate, as security for the payment of a debt.
Mortgages are normally connected with home loans. These loans can include FHA loans or other forms. When mortgages occur, the owner of the house risks the house if he defaults on a payment, and the lender then has the right to sell the property at an auction if the borrower does, in fact, default on a payment. A mortgage is a type of lien.
[edit] See Also
- Mortgage calculators
- Mortgage banker
- Mortgage broker
- Mortgage commitment
- Mortgage insurance
- Mortgage insurance premium
- Mortgage modification
- Mortgage note
- Mortgagee
- Mortgagor
- Open end mortgage
- Reverse mortgage
- Mortgage Guide
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