#mortgage
A mortgage loan or, simply, mortgage () is 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 the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender's rights over the secured property take priority over the borrower's other creditors, which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.
In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called "securitization", which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.

List of Pinterest Mortgage images & Mortgage pictures

List of all Pinterest Mortgage images and pictures. Browse Pinterest Mortgage ideas

Home Business Tax Deductions Mortgage opposite Abundance Quotes Images so Home Business License Singapore that Home Business Expenses For Taxes
Home Business Tax Deductions Mortgage opposite Abundance Quotes Images so Home Business License Singapore that Home Business Expenses For Taxes
[New] The 72 Best Home Decor Ideas Today (with Pictures) Rustic -  My Ring doorbell purchase has been a must! Ill never miss a delivery again! #homeowner#taylorwimpley#crofton#croftong#mortgage#firsttimebuyer#househappy#homedecor#newbuild#ringdoorbell
[New] The 72 Best Home Decor Ideas Today (with Pictures) Rustic - My Ring doorbell purchase has been a must! Ill never miss a delivery again! #homeowner#taylorwimpley#crofton#croftong#mortgage#firsttimebuyer#househappy#homedecor#newbuild#ringdoorbell
Best Ways to Avoid Mortgage Delays
Best Ways to Avoid Mortgage Delays
Mortgage delays can cause your soon to be home to not be your home. Making sure that you’re prepared for the mortgage loan journey is the best way to help keep delays at bay. Read our tips and tricks to avoid additional delays for your mortgage.
First Time Home Buying, From a First Time Home Buyer
First Time Home Buying, From a First Time Home Buyer
gretchenheine.com #coloradorealestate #realestate #homes #gretchenheine #coloradohomes #realestateagent
Sponsored Ads
Discover how much house you can afford according to Dave Ramsey and see his other important rules of thumb for managing your finances.
Discover how much house you can afford according to Dave Ramsey and see his other important rules of thumb for managing your finances.
Useful financial rules of thumb from Dave Ramsey. CLICK THROUGH to learn more budget tips | budget for beginners | how to budget your money | living on a budget | budget ideas | debt free | debt snowball | debt payoff strategies | get out of debt fast | #money #personalfinance #daveramsey #moneymanagement #budgeting #debt #savingmoney
With all the recent mortgage changes, what is your real buying power? It’s so important to meet with a mortgage broker so you know exactly what you can afford. I have amazing mortgage partners to help you. Give me a call to find out what the home buying and selling process is. 416.737.6999 AlyshaMcLean.com #alyshamclean #alyshamcleanteam #homebuyingtips #buyingrealestate #realestate #markhamrealestate #markham #markhamrealtor #torontoproperties #toronto #torontorealestate #mortgage #financing #
With all the recent mortgage changes, what is your real buying power? It’s so important to meet with a mortgage broker so you know exactly what you can afford. I have amazing mortgage partners to help you. Give me a call to find out what the home buying and selling process is. 416.737.6999 AlyshaMcLean.com #alyshamclean #alyshamcleanteam #homebuyingtips #buyingrealestate #realestate #markhamrealestate #markham #markhamrealtor #torontoproperties #toronto #torontorealestate #mortgage #financing #
How to Tell When You Should Refinance Your Mortgage
How to Tell When You Should Refinance Your Mortgage
How to Tell When You Should Refinance Your Mortgage
Documents Needed When Applying For A Mortgage
Documents Needed When Applying For A Mortgage
Documents Needed When Applying For A Mortgage #realestate #mortgage #homeloans
3 Things Mortgage Lenders Will Hate About Your Credit Report
3 Things Mortgage Lenders Will Hate About Your Credit Report
Are you in the market for a mortgage loan? If so make sure, your credit report is clean and free of errors. Read on to find out what mortgage lenders hate to see on your credit report. free credit report, how to raise your credit score, how to get a free credit report. #creditreport #mortgageloan, #finance #financialplanning
Homebuyer Tips When Applying For A Mortgage So You Get The Best Deal
Homebuyer Tips When Applying For A Mortgage So You Get The Best Deal
Applying for a mortgage loan can get confusing. Homebuyers should get familiar with these there lender documents on their journey to homeownership. Be sure to shop around for the best rate use financial discipline during the process of getting a home loan. #homebuying #homebuyer #mortgage #realestate
Sponsored Ads
How to Easily Save $5000 (52-week money challenge)
How to Easily Save $5000 (52-week money challenge)
Need a little help to save money? Try this free savings plan printable, to help you save $5,000 in a 52-week money saving challenge! It can help you to build an emergency fund, pay your mortgage, faster, save for retirement or for your next amazing holiday! The easiest saving planner you will ever need! #broke #savemoney #debt #savingmoney #frugal #finance #money
How To Pay Off Your Mortgage Early And Why You Should
How To Pay Off Your Mortgage Early And Why You Should
Decided to Payoff your Mortgage Early? CONGRATS!! You're on an important path to true Freedom and Financial Independence. Read on for Tips on the 11 things we did consistently to payoff our mortgage early and WHY you should too!#MortgageFree #PayoffMortgage #Mortgage #DebtFree #Money #FinancialIndependence via @TheHumblePenny
5 Ways a Top Mortgage Broker Company In Chicago Keeps Their Customers Happy
5 Ways a Top Mortgage Broker Company In Chicago Keeps Their Customers Happy
Don't purchase with a mortgage rent or buy all cash only.
Don't purchase with a mortgage rent or buy all cash only.
3 Tips to Scoring Thousands in Scholarships
3 Tips to Scoring Thousands in Scholarships
How This Woman Helps Students Score 6-Figure Scholarships
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Frequently Asked Questions for Kentucky First Time...
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Frequently Asked Questions for Kentucky First Time...
How we increased our income from $0 to $160K to $400K
How we increased our income from $0 to $160K to $400K
Bobby Burns Lodge, Banff Alberta Kanada.
Bobby Burns Lodge, Banff Alberta Kanada.
Brilliant DIY Coffee Table Ideas
Brilliant DIY Coffee Table Ideas
Brilliant DIY Coffee Table Ideas
first time mortgage lenders, lexington ky First-Time Homebuyer Program | City of Lexington - Lexington KY   Press Enter to search.
first time mortgage lenders, lexington ky First-Time Homebuyer Program | City of Lexington - Lexington KY Press Enter to search.
Getting Your First Mortgage When Buying Your First Home
Getting Your First Mortgage When Buying Your First Home
Please wait...
Please wait...
Search for Mortgage Rates: Please wait...
Mortgage Broker vs. Big Bank: Who Should I Choose?
Mortgage Broker vs. Big Bank: Who Should I Choose?
Mortgage Brokers vs. Big Banks: Who Should I Choose infographic