Thorold Classifieds
Definition of Mortgage Loan
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A mortgage is a loan that is secured by real property (land, buildings).
A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan. The lender's security interest is recorded in the register of title documents to make it public information, and is voided when the loan is repaid in full.
Ad Info
ID: 25573
Posted on: 2016-03-01 02:46:48
Link (shortened): http://thorold.miniads.ca/25573
Price: Free
Address: 3200 Roblin Boulevard Winnipeg, Manitoba R3R 0C3 [See Google Map Directions]
Phone: 2048884663
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