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It’s a credit product that helps you to borrow a significant lump sum of money and repay it around a certain period of time. It commonly comes with a hard and fast desire charge and is also purported to be repaid in fixed installments monthly.
After you acknowledge the terms and conditions for just a mortgage, you enter into dedication to repay the quantity you owe in accordance with the unique agenda outlined inside the documents. During the event of non-payment, additional expenses could possibly be utilized.
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