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Slang: Mortgage Or Deed Of Trust
A mortgage or deed of trust is a financial document that helps protect lenders from potential losses when the borrower defaults on their payments. It's like having a security blanket over your finances, protecting you and your loved ones from any mishaps. ### Example Sentence "Your friend just sold his house for $500,000, but now he faces a mortgage payment that will cost him up to 1% of the sale price."
