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Mortgage
Financial Commitment![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
A mortgage is a long-term financial obligation, often 15 to 30 years. ![Slide](https://word-images.cdn-wordup.com/tips/guMtZmSLHxERFILgjoNWktuIva0.webp)
Default Consequences![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Failing to repay a mortgage can result in losing your home to the lender. ![Slide](https://word-images.cdn-wordup.com/tips/0DcwfqubnBuVqN7Ui5u5V4w7DD4.webp)
Cultural Significance![Play](https://cdn-wordup.com/WebsiteImages/DictionaryPics/BlackPlay.svg)
Owning a home with a mortgage is often linked with success and stability in many cultures. ![Slide](https://word-images.cdn-wordup.com/tips/Vzkzbvi5wMQFZN3829Yp4JIEKy4.webp)