What is Mortgage Loan?
Mortgage Loan A long-term loan secured by real estate property, repaid in installments, and subject to specific interest rates and collateral requirements as defined in banking regulations.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Mortgage Loan” Used in Practice?
The bank approves a mortgage loan after appraising the property's value and reviewing the borrower's credit profile in line with national lending regulations.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Mortgage Loan?
A long-term loan secured by real estate property, repaid in installments, and subject to specific interest rates and collateral requirements as defined in banking regulations.
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