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What Does Mortgage Mean In French

By Team MeaningKosh

Mortgage is a term used to describe the financial agreement of borrowing money to buy property. In French, it is referred to as “prêt hypothécaire” or “hypothèque” and describes the same concept of borrowing money from a lender with the promise that you will repay it over time, typically with interest.

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5. mortgage - Wiktionary

https://en.wiktionary.org/wiki/mortgage
EtymologyEdit ; morgage and Middle French ; mortgage, from Anglo-Norman ; morgage, from Old French ; mort gage (“death pledge”), after a translation of judicial ...

8. Mortgage loan - Wikipedia

https://en.wikipedia.org/wiki/Mortgage_loan
Mortgage loan - WikipediaThe word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when ...

What does mortgage mean in French?

Mortgage in French is referred to as "prêt hypothécaire" or "hypothèque".

What do I need to qualify for a mortgage in France?

In France, lenders usually require borrowers to provide specific documents such as proof of income, bank statements, etc. Additionally, they may consider credit history and other factors when assessing potential borrowers.

How long is the repayment period for mortgages in France?

The repayment period for mortgages in France can vary depending on the lender. Typically, repayment periods range from 10-20 years.

How much can I borrow for a mortgage in France?

The amount that can be borrowed for a mortgage in France depends on several factors including income level and credit history. Generally speaking, lenders will assess each individual borrower’s situation before deciding on an amount that they are willing to lend.

Are there any additional costs associated with taking out a mortgage in France?

Yes, there are additional costs associated with taking out a mortgage in France such as legal fees and stamp duty taxes. Additionally, some lenders may also require borrowers to pay insurance premiums or other fees before approving their loan application.

Conclusion:
Taking out a mortgage loan can be an effective way of financing the purchase of property in France. Understanding what is required to qualify for one as well as the associated costs will help ensure that you make an informed decision when considering this type of loan product.

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