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Use our free mortgage calculator to quickly estimate what your new home will cost. Includes taxes, insurance, PMI and the latest mortgage rates.
Mortgage – definition of mortgage by The Free Dictionary – mortgage (mrgj) n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage. 4. The right.
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A mortgage is a way to use one’s real property as a guarantee for a loan to get money.Real property can be land, a house, or a building.Many people do this to buy the home they use for mortgage: the loan provides them the money to buy the house and the loan is guaranteed by the house.
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This mortgage calculator from LendingTree is an estimate only and is not intended to be interpreted as a firm offer to lend funds. Please contact LendingTree to find a lender to give a loan quote.
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Mortgage legal definition of mortgage – Legal Dictionary – When the debt is repaid, the mortgage is discharged, and a satisfaction of mortgage is recorded with the register or recorder of deeds in the county where the mortgage was recorded. Because most people cannot afford to buy real estate with cash, nearly every real estate transaction involves a mortgage.