A mortgage is a loan you get for real estate. The difference between mortgages and other loans, though, is that you can choose how your mortgage loan is repaid. This plain-language explanation of how mortgages work teaches you the basics.
Are you a first time home buyer?
Let us know if you’ve done this before - whether you’re a seasoned pro or buying for the first time. We’ll share the perfect information with you as you need it.
Today’s home buyers have 8 percent more purchasing power, and they’re asking mortgage lenders to approve more mortgage applications.