What is a Mortgage?
Mortgage Definition
When you cannot buy a home with cash, you get a loan that is backed up by the property you are buying.
The lender will then put a lien on your property until the loan is paid off.
You are using your new home as collateral for the loan.
A loan that is backed up with a lien on real property is called a mortgage.
Mortgage FAQ
Learn everything you need to know about mortgage here!
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Mortgage Calculator
Time to refinance your home? Calculate your monthly payments based on interest rate and life of loan.
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