mortgage loan is an advance of funds from a lender, called the mortgagee, to a borrower, called the mortgagor, secured by real property and evidenced by a document called a mortgage. The mortgage sets forth the conditions of the loan, the manner and duration of repayment, and reserves to the mortgagee the right to repossess the pledged property if the mortgagor fails to repay any portion of principal and interest.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). mortgage loan. Retrieved September 29, 2026, from http://smartdefine.org/mortgage_loan/definitions/1158498 |
| Chicago | Barry Goldsmith. 2010. "mortgage loan" http://smartdefine.org/mortgage_loan/definitions/1158498 (accessed September 29, 2026). |
| Harvard | Barry Goldsmith 2010, mortgage loan, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/mortgage_loan/definitions/1158498>. |
| MLA | Barry Goldsmith. "mortgage loan" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/mortgage_loan/definitions/1158498> |