I11. Mortgage Bond

Because home loans and mortgage bonds play such an important part in your work as an estate agent, you need to understand what they are and how they work. A mortgage bond is a LEGAL DOCUMENT in which The LENDER e.g. the financial institution agrees to lend the BORROWER (your purchaser) money to buy the property, and The BORROWER pledges the property as security for the loan – should he...

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