2 / 2 A mortgage is a loan specifically used to purchase real estate, where the property serves as security for the lender. The borrower repays the loan plus interest over time, typically through monthly payments. If the borrower defaults, the lender can seize the property. Collateral, however, is a broader term referring to any asset (e.g., property, car, or savings) pledged to secu... https://mortgageloanapplyonline.com/