Mortgage Financing

Mortgage financing is a method of purchasing or refinancing property using funds borrowed from a financial institution or other lender, with the property typically serving as security for the financing. The borrower generally repays the financing through scheduled payments that may include principal, financing costs, or interest depending on the financing structure. Before obtaining property financing, borrowers should understand the total repayment obligation, applicable charges, tenure, early settlement provisions, and consequences of missed payments.

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