what is mortgage explain in easy words pls urgent
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A mortgage is a way to use one's real property as a guarantee for a loan to get money.
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A mortgage is a way to use one's real property as a guarantee for a loan to get money. ... The creditor will receive money back with interest over time (usually in payments made each month by the debtor). If the debtor does not pay the loan, the creditor may take the mortgaged property in place of the loan.
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