Mortgage Loan Financial Glossary

What is it? A loan which utilizes real estate as security or collateral to provide for repayment should you default on the terms of your loan. The mortgage or Deed of Trust is your agreement to pledge your home or other real estate as security.

Finance Term Definition Added By: Cameron

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We hope you now understand the meaning of Mortgage Loan. If you need any more information on this term, please don't hesitate to contact us.

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Financial Term promissory note is A written contract between a borrower/debtor and a lender/creditor in which the borrower agrees to repay a loan granted by the lender. The contract specifies the amount of the loan and the terms of repayment.

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