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What is a mortgage?

Mortgage

A mortgage is a document signed by a borrower when a home loan is made that gives the lender a right to take possession of the property if the borrower fails to pay off the loan.

You will be asked to provide the bank with a copy of
a deed to prove that you are the owner of the property.
The bank will also order title insurance to assure that
there are no other liens or encroachements on the
property.

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