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What is a mortgage?
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Asked 9/13/2010 12:24:16 PM
Updated 12/29/2014 9:01:40 AM
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User: What is a mortgage?

Question
Asked 9/13/2010 12:24:16 PM
Updated 12/29/2014 9:01:40 AM
1 Answer/Comment
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Mortgage: A debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.
Added 12/29/2014 9:01:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/29/2014 9:04:09 AM]
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Define mortgage
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