A mortgage is a loan used to buy or refinance a home or property. You borrow money from a lender and agree to repay it over time with interest. The property itself acts as security for the loan until it’s fully paid off.
What is a mortgage?
Share This Story, Choose Your Platform!
About the Author: Ratiranjan Singha
I’m the founder of MortgageRatesChecker, where I create mortgage and loan calculators along with practical financial guides to help users compare rates, estimate payments, and make informed borrowing decisions. Content is provided for informational and educational purposes only and should not be considered financial advice.