A mortgage is the security deposit of a property to a creditor as a collateral for a mortgage loan. But remember that mortgage does never signify debt, however, it prove debt existance. It is in short a move of an interest in land, from the proprietor to the mortgage creditor, knowing that this interest will be got back to the proprietor of the asset when the conditions of the mortgage have been accepted and agreed about. The mortgage is a guarantee for the loan that the creditor makes to the debtor.


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