mortgage simple definition: Mortgage Definition

Mortgage Definition

Mortgage Definition. Celebrity Realtor Jay Morrison: "The TRUE Definition of a Mortgage"

Mortgage Definition video duration 25 Second(s), published by Mortgage Loan For Apartment Buildings on 13 02 2017 - 12:47:42.

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 Define mortgage: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money … — mortgage.

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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.
When personal property (appliances, cars, jewelry, etc.) is mortgaged, it is called a chattel mortgage.
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