More information on property

real estate law

An Introduction to Mortgage What Is the Big Fuss about It

A lot of people talk about mortgage all the time, but not all people really know what it is. If you are one of those who do not really understand all the things about mortgage but are afraid to ask, do not be afraid. Mortgage is simply a way of borrowing money, however, you use property as a security for payment of the loan. It may sound a complicated matter, and it is indeed a serious issue, but it really takes just some time to understand what mortgage is.

The word mortgage stems from French Law. It literally means death vow because a borrower supposedly puts something very personal or important at stake for the sake of the loan. Originally, the term refers to the process of securing a loan with property as collateral but nowadays it has become the shortcut for the loan itself the mortgage loan... View the rest of this article by visiting BuyerBeWhere.com at the link above...

real estate market