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mortgages Buying a Home - What is a Mortgage loan

What is a Mortgage Loan?

 Generally speaking, a mortgage is a loan obtained to purchase real estate. The "mortgage" itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest.

>> Learn how a mortgage lender qualifies you for a mortgage loan when buying a home

 

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