Mortgage Loan

A mortgage loan is a type of loan used to purchase or maintain a home, land, or other real estate. Borrowers agree to repay the lender over time, typically in a series of regular payments that include principal and interest. Mortgages are secured by the property itself, meaning the lender can foreclose if payments are not made. This guide covers the basics of mortgage loans, types available (fixed-rate, adjustable-rate, FHA, VA, etc.), the application process, qualification criteria, and tips for choosing the right loan for your needs.