Definition: The word "mortgage" means a loan or mortgage deposit that an individual, company, or government agency makes to finance a purchase or investment, typically for a specified term (usually from one year). The term "800,000" in this context refers to the amount of the principal and interest on the mortgage loan. It is important to note that the value of the mortgage might decrease over time due to various factors such as inflation, interest rates, and changes in the market conditions.
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