mortgage | Insurance Software development

What does mortgage insurance mean?

Author - Webner
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6:10 am
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Introduction

A mortgage is defined as a loan from a bank or other financial institution that helps a borrower to purchase a property. The borrower and the lender(usually a bank) enter into an agreement. According to this agreement the borrower receives cash in advance from the bank(or lender) then makes payments over a set time span until he/she pays back the lender in full. A mortgage is usually referred to as a home loan when it is used for the purchase of a home. The guarantee for the mortgage loan is the home itself. It […]

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