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A mortgage loan is used to purchase real estate, usually a home.
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Is a loan for land the same as a mortgage?
No, a loan for land is not the same as a mortgage. A loan for land is specifically for purchasing land, while a mortgage is a loan used to purchase a property, which may include land and a building.
What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
Is a land loan the same as a mortgage?
No, a land loan is not the same as a mortgage. A land loan is specifically for purchasing land without any structures on it, while a mortgage is a loan used to purchase a property with a building or home on it.
What is a type of loan that is used to buy real estate?
A loan used to buy real estate is a mortgage.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
Is a loan for land the same as a mortgage?
No, a loan for land is not the same as a mortgage. A loan for land is specifically for purchasing land, while a mortgage is a loan used to purchase a property, which may include land and a building.
What and where to pay a mortgage loan?
A mortgage loan is a loan that is used to either purchase a property or get a loan with your property as collateral. You can secure a mortgage through financial institutes like banks, credit unions or mortgage companies like Fannie Mae.
Is a land loan the same as a mortgage?
No, a land loan is not the same as a mortgage. A land loan is specifically for purchasing land without any structures on it, while a mortgage is a loan used to purchase a property with a building or home on it.
What is a type of loan that is used to buy real estate?
A loan used to buy real estate is a mortgage.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
Is a mortgage used to purchase real estate?
Yes. A mortgage is a loan that is secured by real property.
What are mortgage websites used for?
Mortgage websites are used for calculating whether you qualify for a mortgage loan. They can determine if your credit history meets the requirements for approval.
Can a primary mortgage be classified as a home equity loan?
Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.
What is a Open end mortgage loan?
What is a Open end mortgage loan?
How can I pay my mortgage loan on-line?
“How can I pay my mortgage loan on-line?”
What does the term arm loan refer to?
ARM loan stands for 'Adjustable-Rate Mortgage". It is a type of financing used to purchase a home. It's a mortgage loan with interest rates that changes periodically.
