Borrowing money
When you get a loan, the bank will usually require a mortgage and guarantee.
The loan relates to the amount of money you are borrowing from the bank and contains the bank’s lending terms that you have agreed to, such as the interest rate, repayment plan and the security required by the bank.
A mortgage is a charge that will be registered against the land belonging to the borrower or a related party. This is the bank’s way of ...
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2011