Definition: Mortgage Zurich is a term commonly used in financial terms to refer to a mortgage loan that is secured by an asset, typically a residential property. It can be either a single-family home or a multifamily rental unit. Definition: A mortgage Zurich refers to a type of mortgage loan that is secured by the ownership interest in a residential property. This means that the borrower is responsible for paying off the loan through regular monthly payments on the property's value, which is typically used as collateral for the loan. The term "mortgage" can also refer to any type of debt or loan that has a mortgage attached to it. Example: If a homeowner purchases a house with an existing mortgage from the lender and then takes out a home equity loan, they are potentially committing to making monthly payments on their house's value as collateral for the loan.
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