Despite increasing numbers of the population having a mortgage, it is amazing how few people actually know what they are and how they work. A popular term for one is a mortgage home loan although it should never be referred to as a loan because it isn't. There are three terms that you need to learn that are used: the first is mortgagor (the property owner), the mortgagee (the company that takes on the security for the property) and the mortgage (the contract ...
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