Amortgageis a legal agreement between a borrower and abank. A mortgage loan is a type of long-term loan.Amortgageis acontractthat you and a lender enter into that gives the lender the right to take possession of your property in the event that you are unable to pay back theloan plus interest.Purchase ofreal estateor borrowing against the value of an existinghouseare both possible through mortgage loans.Amortgage loanis a secured loan that allows you to get cash by presenting the lender with animmovable asset,such as a house or commercial property, as security. The asset is kept by the lender until you return the debt.Therefore, amortgageis a legally binding contract between a borrower and abank.To know more about themortgage, visit:brainly.com/question/31751568#SPJ6This is an incomplete question, the complete question is:A mortgage is a legal agreement between a borrower and a ______....

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