A Conversation for Mortgages
No one likes a clever dick
Boswell Started conversation Dec 15, 2000
The correct definition is:‘Agreement that places ownership of the property of a borrower (mortgager) in the hands of a lender(the mortgagee) in exchange for a loan ,to enable the borrower to buy the property. On repayment of the loan,ownership of the property reverts back to the borrower’ 
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