Mortgage.
Written agreement by which an institution(bank) agrees to lend money to buy property.
This is a simple definition ive come up with so i can understand. If there is anything I have missed, please add in simplified form.
Written agreement by which an institution(bank) agrees to lend money to buy property.
This is a simple definition ive come up with so i can understand. If there is anything I have missed, please add in simplified form.