What is a Mortgage?

A mortgage is a loan secured against property, comprising a house and land.



Mortgage Application Loan Agreement, what is a mortgage? mortgage process, mortgage services, first time home buyers, slaney mortgages, mortgage agents, what is a mortgage?



There are two types of mortgages:

1. Hi-ratio: put less than 20% down on a purchase.

2. Conventional: put 20% down or more on a purchase.

Little Known Facts: