This is an interesting tutorial explaining the terms related to mortgage and loans. Mortgaging is the act of getting a loan by pledging a property. Usually mortgage loans are provided against the security such as jewels, house, etc through a legal agreement between the party and the bank. In a mortgage loan, banks lend money in exchange for taking title of the debtors property and the conveyance of title becomes void upon re-payment of the debt. Explore and learn more about Mortgage and Loans from our tutorial page.
Loans are defined as an act of getting considerable or a large amount of money as debt from a person or a financial institution for without any security based on your credibility.
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