A mortgage is a specific type of loan used to copyright estate, with the property itself acting as security for the lender. The borrower repays the loan plus interest over time, and defaulting allows the lender to seize the property. Collateral is a general term for any asset (e.g., property, vehicle, or savings) pledged to secure any loan. If the borrower fails to repay, the lender c... https://mortgageloanapplyonline.com