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Category:Legal Terms
A '''mortgage''' is granting of a [[lien]] on real property, such as a home, by a [[debtor]] (borrower) to his [[creditor]] (lender), such that the property is security for the repayment on a loan. Once the loan is paid, the mortgage is discharged.
A '''mortgage''' is granting of a [[lien]] on real property, such as a home, by a [[debtor]] (borrower) to his [[creditor]] (lender), such that the property is security for the repayment on a loan. Once the loan is paid, the mortgage is discharged.
[[category:legal terms]]
[[Category:Legal Terms]]