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agnoween
ANSWERS: 3
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A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the ' and the '. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A mortgage (Law French for "dead pledge") is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt (also called hypothecation) for the rest of the value of the property.
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A mortgage is a specific type of loan, secured by property (a home), or can also refer to the deed of such a home. You pledge the home as security for the loan. The literal meaning of "mortgage" is "death pledge".
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Hi, mortgage loan: A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt. loan: A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time.
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