• Finance & Investment

    A mortgage is a legal document that enables a lender

    A mortgage is a security interest in a property that serves as collateral for a loan. It takes precedence over the rights of other creditors. If the borrower defaults on the mortgage, it is the lender’s right to sell the property to repay the debt. This type of security is a good option if the borrower is unable to make payments on the property. However, the borrower must know all the terms of the mortgage before deciding to take out one. https://auxiliummortgage.com A mortgage is a legal document that enables a lender to seize a property. This document, also called a deed of trust, enables borrowers to purchase a home…