Mortgage, Hypothecation and Pledge- These terms are used for creating a charge on the assets which is given by the borrower to the lender as a security for any loan.
| Pledge | Hypothecation | Mortgage | |
| Type of Security | Movable | Movable | Immovable |
| Possession of the security | Remains with lender (pledgee) | Remains with Borrower | Usually Remains with Borrower |
| Examples of Loan where used | Gold Loan, Advance against NSCs, Adv against goods (also given under hypothecation) | Car / Vehilce Loans, Adv against stock and debtors | Housing Loans |
there will be scenarios which show the pros and cons of reverse mortgages and how to determine if you have enough equity in your home.
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