When a person takes a decision by mortgaging his property, it is called mortgage.
For doing any work we can take mortgage loan.
Mortgage loan is also taken for construction of house.
The loan is decided by the bank employees on the basis of the bank policy.
The property document inside the mortgage loan is looked at and the loan is given on its basis.
The mortgage loan is repaid through EMI.
There is a fixed down payment for a mortgage loan.
It is very easy and good to take EMI under mortgage loan.