What Is a Mortgage? Its Types, And How Does It Work
What is a mortgage? It is one of the most important topics in business finance. It is a loan that people can use to pay for their homes. If you fail to make your mortgage payments for a lengthy time, the financial institution may be able to foreclose on your house and seize your possessions. This is not the same as a loan that isn't secured, like a student loan, which is not secured. Everyone must learn all the basics of a mortgage.