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Showing posts from March, 2021

Home Loan Mortgage

  Home Loan Mortgage A home mortgage is a loan given by a bank,  mortgage company  or other financial institution for the purchase of a residence—either a primary residence, a secondary residence, or an investment residence—in contrast to a piece of commercial or industrial property. In a home mortgage, the owner of the property (the borrower) transfers the title to the  lender  on the condition that the title will be transferred back to the owner once the final loan payment has been made and other terms of the mortgage have been met.  A home loan  mortgage  or simply  mortgage   is a  loan  used either by purchasers of  real property  to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a  lien  on the property being mortgaged.  The loan is " secured " on the borrower's property through a process known as  mortgage origination . This means that a  legal mechanism  is put into place which allows t