What Does Non-Recourse Mortgage Mean?

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What does Non-Recourse Mortgage mean? Read on to discover the definition & meaning of the term Non-Recourse Mortgage - to help you better understand the language used in insurance policies.

Non-Recourse Mortgage

Non-Recourse Mortgage

A non-recourse mortgage is a loan secured by pledging collateral, typically a piece of real estate the borrower is not responsible for.

We hope the you have a better understanding of the meaning of Non-Recourse Mortgage.

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