Mortgage purpose is to help someone to have a property in an installment mode of payment. Mortgage is a legal document that pledges a property to the lender as security for payment of a debt.

No. A mortgage is a secured loan that is paid in installments. It is secured by the value of the home, and lenders use this value as collateral. When a borrower dies before paying off the home, the mortgage loan will be handled by his estate or any co-borrower on the loan. If there isn't … Read more