People who want to buy a house typically ask the bank for a mortage over a 10-to-30 year period
Mortage is a type of loan used mainly to purchase real estate (home, land). The borrower agrees to make regular payments to the lender (usually the bank) till the principal and interest and interest are paid off. The property serves as collateral to before the loan is given.
People who want to buy a house typically ask the bank for a mortage over a 10-to-30 year period
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