Discovering The Truth About Services
A Guide to Mortgage
In a mortgage there is an agreement between a lender and a borrower. This agreement include the lender’s taking away the property of the borrower if there is failure to pay the money back. Usually, a house or any costly property is given out in exchange for a loan. The home is the security which is signed for a contract. This mortgaged item has to be give away by the borrower if he fails to make the repayments of the loan. When your property is taken by the lender, he can sell the property in order …