Saturday, September 19, 2009

Best Credit for your Mortgage

You need great real estate? You can try the mortgage.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as ships) and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources. A mortgage is an agreement by which a loan is granted for the purchase of a property and the property itself is pledged as security. The loan is usually agreed for a fixed term, which is often 25 years, although most lenders will allow a shorter or longer period.
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