In most countries, it is common practice for people buying a home to so so through a mortgage loan. Mortgage loans are effectively loans that are secured by the property being purchased. Oftentimes, people use the term “mortgage” as a substitute for the term “mortgage loan”, but a loan is still a loan by any other name!

Mortgages are generally acquired from a financial institution that lends money specifically for property purchase, such as a bank, credit union, building society or specialist lender. The types of mortgage available and as well as the terms they offer can vary enormously in cost and conditions depending upon the mortgage loan amount required, the type of interest terms, the term of the mortgage and subsequently payment.

The following articles examine subjects of interest to those seeking mortgage loans or those generally interested in finding out more about the subject of mortgages.