Presuming you do not have a very large supply of cash on hand, you will have to finance your home with a mortgage. A mortgage loan is essentially a secured loan that uses the home as collateral. Mortgages are typically paid in monthly installments over several years — usually 15 or 30 (40-year mortgages do exist, but they are not offered by every lender).
– Information from Cashay
- Home
- Buyer Articles
- What is a mortgage? Here are the basics.
What is a mortgage? Here are the basics.
Written by Bonnie Carlson on . Posted in Buyer Articles
Trackback from your site.