A loan backed by real property in the form of buildings and houses.

Question

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A mortgage is specifically a loan that is backed by real property, typically in the form of a house or building. The borrower pledges their property as collateral for the loan, and the lender has the right to foreclose on the property if the borrower defaults on the loan. Mortgage-backed securities (A) are a type of investment that is backed by a pool of mortgages, while a serial mortgage (B) refers to a mortgage that is paid off in installments over a period of time. Secured mortgage (D) is redundant, as all mortgages are secured loans by definition. An unsecured loan (E) is not backed by any collateral, and is therefore not a mortgage.

A Loan Backed by Real Property in the Form of Buildings