What is a mortgages loan??
What is a mortgages loan?
Answers:
it is a loan secured by the property. It is paid monthly installments till the very final one is done. You can make additional payments to the principal to cut your term at any point in time. It have a rate and a term in months that the money is to be repaid.
A mortgage loan is a way to nouns a house, look it up on wikipedia.
A bank pays for the property, then you discharge back the bank at an interest rate over 15 years or 30 years typically. Look up an amortization chart to see how much interest is salaried up front. Debt is a great tool, and a horrible master.
A borrowing of cash which is securitized by an asset.
isnt it close to u have to pay for ur house mothly or sumfin
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Answers:
it is a loan secured by the property. It is paid monthly installments till the very final one is done. You can make additional payments to the principal to cut your term at any point in time. It have a rate and a term in months that the money is to be repaid.
A mortgage loan is a way to nouns a house, look it up on wikipedia.
A bank pays for the property, then you discharge back the bank at an interest rate over 15 years or 30 years typically. Look up an amortization chart to see how much interest is salaried up front. Debt is a great tool, and a horrible master.
A borrowing of cash which is securitized by an asset.
isnt it close to u have to pay for ur house mothly or sumfin
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