I would like to know if I can better understand my homework reading of Finance.

A mortgage is a loan secured by a mortgage on real estate.

Unless you are rich if you want to buy a home, you get a mortgage to pay on the house. The house is then security so that if you stop the payment, the loan company can take back to the house.

If you finance a car, there is also a mortgage. But most people only on the term “mortgage” when they talk about their homeland.

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