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A mortgage is a financial agreement that allows individuals to borrow money to get real estate, typically a home. It is a long-term loan secured by the property being purchased, meaning the lender has the right to seize the property if the borrower fails to repay the loan as agreed. Mortgages are fundamental to homeownership, enabling individuals who may not have sufficient savings to pay for a...

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A mortgage is an economic agreement that enables individuals to borrow money to buy real estate, typically a home. It is really a long-term loan secured by the property being purchased, meaning the lender has the right to seize the property if the borrower fails to repay the loan as agreed. Mortgages are fundamental to homeownership, enabling individuals who may not need sufficient savings to...

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