#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 Equity Loan vs. Second Home Mortgage: Which is Best for You?
Home Equity Loan vs. Second Home Mortgage: Which is Best for You?
But First Get Pre-Approved Real Estate Quote | Real Estate Agent Office Decor | Realtor Decor | Office Wall Art | Co-Worker Gift
But First Get Pre-Approved Real Estate Quote | Real Estate Agent Office Decor | Realtor Decor | Office Wall Art | Co-Worker Gift
Research: Reverse Mortgage Lender -VS- Broker
Research: Reverse Mortgage Lender -VS- Broker
Research: Reverse Mortgage Lender -VS- Broker - Getting a reverse mortgage is a big decision, and part of the process involves deciding whether to work with a mortgage broker or lender.  Reverse mortgage lenders and brokers might have slightly different roles, but they’re both regulated by the FHA, and it’s safe to do business with either party. #mortgagebroker #mortgagelender  #reversemortgage   #reversemortgagelenders  #reversemortgagebrokers  #homeowners
Idées créatives et amusantes pour les photos de plage Idées créatives et amusantes pour les photos de plage - Laphotographie
Idées créatives et amusantes pour les photos de plage Idées créatives et amusantes pour les photos de plage - Laphotographie
Idées amusantes et créatives pour les photos de plage Idées amusantes et créatives pour la plage Les images sont un moyen amusant de profiter de [...]
Simons Design Studio: Designer Spotlight Simons Design Studio is a residential d...
Simons Design Studio: Designer Spotlight Simons Design Studio is a residential d...
Simons Design Studio: Designer Spotlight Simons Design Studio is a residential d... #salleamanger #ideesdesalleamanger
Lame pour scie à ruban | Soldes jusqu'au 4 février 2020 !
Lame pour scie à ruban | Soldes jusqu'au 4 février 2020 !
EN STOCK : Lame pour scie à ruban pas cher. Grand choix, promos permanentes et livraison rapide partout en France. Paiement sécurisé
Fraise pour défonceuse, affleureuse et toupie
Fraise pour défonceuse, affleureuse et toupie
Fraise 3 tailles étroite, Ø x Larg. : d1 - js16 x b - k11 : 125 x 3,0 mm, Alésage d2 - H7 32 mm, Nombre de dents 40 - FORUM
9 mistakes to avoid after mortgage preapproval
9 mistakes to avoid after mortgage preapproval
If they're not careful, mortgage borrowers can make financial mistakes after they are preapproved for a mortgage that can affect their ability to borrow.
3 Best Advantages Of Solar Operated Gates » Residence Style
3 Best Advantages Of Solar Operated Gates » Residence Style
There are various advantages associated with choosing a solar operated gate for your property. 1. Lower Operational Cost A solar operated gate opener is a much cheaper option when you consider the operating costs. The gate opener is powered by solar energy to generate power for opening and closing the gate. Therefore, you have a …
Make your home buying easier – Know your mortgage loans
Make your home buying easier – Know your mortgage loans
Make your Warner Robins home buying easier – Know your mortgage loans - Courtesy of Anita Clark Realtor
7 Reasons Why You Should Refinance Your Mortgage And Save!
7 Reasons Why You Should Refinance Your Mortgage And Save!
Thinking about refinancing your mortgage? Think again! Make sure you understand the main reasons why you should refinance your mortgage. Learn them here.
4 Mistakes Millennials Make When Buying a House - GrowthRapidly
4 Mistakes Millennials Make When Buying a House - GrowthRapidly
Are you in the market to buy your first home? If you're a millennial and a first time home buyer, avoid making these mistakes when buying a house
What Is Mortgage Insurance and How Does It Work?
What Is Mortgage Insurance and How Does It Work?
Understanding what mortgage insurance and how it works can help you make a more informed choice when you are ready to purchase a home.
10 Questions to Ask a Mortgage Lender and Why They're Important
10 Questions to Ask a Mortgage Lender and Why They're Important
6 Reasons Why You Shouldn't Pay Off Your Mortgage Early | Sane Cents
6 Reasons Why You Shouldn't Pay Off Your Mortgage Early | Sane Cents
Paying off your mortgage used to be the ultimate indicator of financial freedom. But should it be? Put your extra money here to get even better returns.
Getting a Mortgage: Speaking the Lender's Language
Getting a Mortgage: Speaking the Lender's Language
Getting a Mortgage: Speaking the Lender�s Language
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.
Discover how much house you can afford according to Dave Ramsey and see his other important rules of thumb for managing your finances.
Mortgage Options for Self Employed Buyers
Mortgage Options for Self Employed Buyers
The Best Mortgage Options for Self Employed Buyers. Self-employed and cannot get a mortgage? This article by Anita Clark Realtor can help!
Payoff Mortgage Early Or Invest - The Complete Guide
Payoff Mortgage Early Or Invest - The Complete Guide
Should you pay off your mortgage early or invest? The decision can be agonizing. This definitive guide walks you through the right decision.
Best Ways to Avoid Mortgage Delays — Seiler Home Group
Best Ways to Avoid Mortgage Delays — Seiler Home Group
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.
Elise Franck on Instagram: “Parce qu'une deco réussie est une deco soignée et qui va dans les moindres détails 😉 Superbe lot en bois signé @hopeinthewoods • www.elise-…”
Elise Franck on Instagram: “Parce qu'une deco réussie est une deco soignée et qui va dans les moindres détails 😉 Superbe lot en bois signé @hopeinthewoods • www.elise-…”
Parce qu'une deco réussie est une deco soignée et qui va dans les moindres détails Superbe lot en bois signé @hopeinthewoods Shared by @myrtleandrum www.elise-franck.com #elisefranck #elisefranckconseil #design #meuble #deco #decoration #investissementloc
Getting Your First Mortgage When Buying Your First Home
Getting Your First Mortgage When Buying Your First Home
Time to buy a home? Getting your first mortgage doesn't have to be hard. Start the mortgage process early and gain some understanding of how mortgages work.