what is mortgage loan how to apply

Hero Fincorp08 Nov, 2021Business

Mortgage or mortgage loan is a loan taken against property. In which a person mortgages his property with a financial institution and takes some amount on it as a loan and after paying the loan amount gets back the ownership of his property. Mortgage loans are generally taken by individuals who buy a new home. He takes a loan on the registry of the house by mortgaging the documents of the newly purchased house with the financial institution.