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What is a mortgage?
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4 votes
What is a mortgage?

User Ferdinand Gaspar
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2 Answers

1 vote
A mortgage is a legal agreement between you and your bank about the money you will pay for your house every month. It's not like rent because you own the house. You put money down to pay for it.

I hope this helps.
User DieterDP
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4 votes
A mortgage is a debt instrument
User Learning
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