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What is property mortgage?

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Hey Friend,

A contract under which a person borrows money to purchase property, typically a house, with the understanding that if the borrower defaults on the loan, the lender may seize the property.

You can mortgage a residential property that is owned outright, rented out, or unoccupied to obtain a loan against it. The mortgage on a home or other residential structure has the lowest interest rates.

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Read More:

How to check mortgage on property in India online? 

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