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26. What is Martgage Loan ?

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A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender. The lender keeps the asset until you repay the loan.

  • Allows you to avail funds
  • The lender keeps the asset
  • as collateral to the lender
  • All of above

 

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