Register
What is a mortgage?
62.9k views
4 votes
What is a mortgage?

User Ferdinand Gaspar
by
8.1k points

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
by
8.3k points
4 votes
A mortgage is a debt instrument
User Learning
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
The government’s involvement in economy serves what two purposes?
Link Copied!