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Qualifying for a Mortgage Loan

Mortgages are loans available to purchase property. You can get mortgage loans on real property or personal property as security for the payment of debt. These loans are to be paid off over a definite period of time. Mortgage loans are usually secured on real estate than other types of securities. Mortgage loans are offered by most of the banks, building societies and specialist mortgage lending companies. Mortgage calculators are programs used to calculate monthly payment on a mortgage.