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更新日期：2019-02-28
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Mortgage Loan Rates or, simply, Mortgage Loan Rates is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property Mortgage Loan Rates through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property Mortgage Loan Rates to pay off the loan in the event the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit Mortgage Loan Rates.
Mortgage Loan Rates can be individuals mortgaging their home or they can be businesses mortgaging commercial property. The lender will Mortgage Loan Rates be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be Mortgage Loan Rates made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and Mortgage Loan Rates other characteristics can Mortgage Loan Rates the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first Mortgage Loan Rates.
