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An example of a mortgage is when a person borrows money from a bank to buy a house. The bank lends the money, and the borrower agrees to pay it back over time, usually with interest. The house serves as collateral, meaning if the borrower fails to make payments, the bank can take possession of the house.

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4mo ago

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How do you become a qualified mortgage lender?

A mortgage lender must be licensed and work within a bank, mortgage bank, or mortgage broker.


What is work share mortgage?

A work share mortgage is when more than one title company prepares the title.


Where can a person get current mortgage rates?

One can get mortgage rates by contacting a mortgage company, such as a banking institution. An example would be by visiting Bank of America and talking to a mortgage expert.


Is there a statute of limitations on a mortgage?

Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.


What is the Legal framework for mortgage in Nigeria?

what is the legal frame work for mortgage of land in nigeria


What sites have mortgage repayment calculators?

There are plenty of mortgage calculators online. Most are free and can help you save money on your mortgage. For example, check out "www.mortgagecalculator.org".


Will the early mortgage calculator work for an FHA type mortgage. Will it work for any type of mortgage?

You would probably have to ask this question to a expert as they would be able to financially help you to pay off your mortgage 10 years sooner as you requested.


What is an example of mortgage direct mail?

A good example of a mortgage direct mail is when someone wants to close a sale on a house or building at the right time that is most beneficial to them.


Is a mortgage from a local bank an example of direct financing?

No, a bank is an intermediate. It's lending it's savers to you for the mortgage.


What financial products does PHH Mortgage Services offer?

PHH Mortgage Services is the industry leader in mortgage services. For example PHH Mortgage Services guarantees that they will meet their clients' requested closing dates.


What is corp adv fee?

These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.


An example of a non-depository financial institution?

Mortgage bank.