4 Quick Points to Simplify a Mortgage

A type of loan used to purchase real estate

Tunji Onigbanjo
4 min readMay 23, 2023

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Photo by Paul Hanaoka on Unsplash

A mortgage is a loan you use to purchase real estate, such as a house or land. When you sign off on a mortgage, the lender agrees to loan you the money, and you agree to repay the mortgage over a period of time. In exchange for the mortgage, you make monthly payments to the lender, which include principal and interest.

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