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A home mortgage is considered a secured loan because it is backed by what type of property?
A mortgage is backed by real estate owned by the mortgagor.
What else can I help you with?
Is a land loan considered a mortgage?
Yes, a land loan is considered a type of mortgage because it is a loan that is secured by the property being purchased, similar to a traditional mortgage for a home.
Is a mortgage considered an unsecured loan?
No, a mortgage is not considered an unsecured loan. It is a secured loan that is backed by the collateral of the property being purchased.
Is mortgage better than a loan?
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
What is mortgage used to purchase?
A mortgage is a loan that is secured by real property.
Are secured loans not credit cards looked at any differently than unsecured loans when applying for a mortgage?
Because secured loans are loans that are secured on your property, they are looked at totally differently when applying for a mortgage, in most cases the mortgage lender will probably want you to repay the secured loan before approving your 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 the features of a mortgage bond?
A mortgage bond is a bond that is secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually considered high-grade, safe investments.
What is a home mortgage secured loan backed by?
the property
Is a mortgage used to purchase real estate?
Yes. A mortgage is a loan that is secured by real property.
What exactly meant by mortgage in the banking terminology?
The mortgage is the document that says the loan is secured by the property and if not paid the bank has the right to take the property.
How do i find out who mortgaged someone's home?
A property can only be mortgaged by someone that OWNS the property. A mortgage is a loan that is secured by the value of the property. I cannot get a mortgage on property that I do not own, since I have no right to that property. The mortgage company would be considered a lien holder- they have a claim against the property for as much as the unpaid amount of the loan. Lienholders will be listed on the deed to the property, which is recorded by the County Clerk or Recorder.
A home mortgage is considered a secured loan because it is backed by?
Ownership of the home. Until the mortgage is paid, the lender retains a financial interest in the home.
