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Pledge against a doubtful outcome. A house mortgage at a reasonable rate, with manageable payments, may therefore be an acceptable debt.
A mortgage means that you borrow money from a bank or other lender to purchase a house.
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Most people don't have enough money to purchase a home outright, so they go to a bank.
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We are all familiar with the concept of a mortgage from personal experience.
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To make subject to a claim or risk;
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Real property can be land, a house, or a building.
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