« 100% Mortgage with its Merits and | Main | 100% Mortgage To Finance Your Home Purchase »
July 21, 2006
Texas
A mortgage is a loan obtained to purchase a house, apartment, or any other real property. In a mortgage, the buyer of the property pledges the real property to the financial institution that lends the money. This is documented in a promissory note and serves as the security for the loan in the event of any default by the borrower on the mortgage payments. Normally, mortgage payments are made every month. Mortgages are taken for many years, the most common term being thirty
From Texas
Posted by Doug at July 21, 2006 12:36 PM
