adrianarnold3orfw7a adrianarnold3orfw7a
  • 27-04-2020
  • Mathematics
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What collateral secures a mortgage?

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brownskingurllll brownskingurllll
  • 27-04-2020
Mortgage collateral is the asset that secures the mortgage loan. Traditionally, the mortgage collateral is the asset the loan finances. If you fail to make payments to your lender on the loan, your lender has the option to claim ownership of the property due to its security interest.
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