If you’re like most homebuyers, you’ll need to borrow money—by way of a mortgage loan—to buy a home. But if you’re like many people, you’re not exactly sure how a mortgage works. You’re not alone; it’s a little more complex than it sounds. What is a Mortgage? A mortgage is a loan provided by a lender to an individual, couple, or group to purchase a home. However, a mortgage is considered “less risky” than other types of loans, and that’s because there’s real property attached to it—and that … Continue reading...