Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Explain the term Verification of Borrower Assets?
Borrower is the person who take money on credit from a financial or non- financial institution. Borrower needs to pay interest on the credit which has been borrowed from the institution.
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