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Mortgage
01
an official contract or arrangement by which a bank gives money to someone as a loan to buy a house and the person agrees to repay the loan over a specified period, usually with interest
Example
They took out a mortgage to buy their first house in the suburbs.
The bank approved their mortgage application based on their credit history and income.
to mortgage
01
to offer a bank or other financial institutions a property of high value in exchange for a loan
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