Changes

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 should be discharged.  

A '''mortgage''' is the granting of a [[lien]] on real property, such as a home, by a [[debtor]] (borrower) to the [[creditor]] (lender), such that the property is security for the repayment of a [[loan]]. Once the loan is paid, the mortgage should be discharged.  

Hypothecation refers to the right that a creditor has to liquidate goods, securities, or other [[assets]], if you fail to service a loan.  

Hypothecation refers to the right of a creditor to liquidate goods, securities, or other [[assets]] if the borrower fails to service a loan.  

A '''[[sub-prime mortgage]]''' is one where the borrower has a demonstrated inability to abide by the terms of a credit obligation.  

A '''[[sub-prime mortgage]]''' is one in which the borrower has a demonstrated inability to abide by the terms of a credit obligation.  

== See also ==

== See also ==