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Mortgage
Chapter 2.5
Learning Objectives:
Explain the nature of mortgage as a security.
Ascertain the existence of a legal mortgage on a property title.
Explain the rights of the mortgagor and the remedies of the mortgagee upon the mortgagor's default.
Explain the priority of mortgages and charges, including the creation of CPF Board charges when properties are purchased using CPF savings.
Explain fixed rate and floating rate mortgages.
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