The Most Expensive Feature in a New Home? the Mortgage

Posted In: Mortgage Refinance
Without a doubt, the word most associated with being a home buyer is the "M" word: Mortgage. Basically, it's a loan from a financial institution to the home buyer-with a pledge of property to a creditor as security for repayment. Latin scholars will point out that the root of the word, "mort," is French for "dead." That's because the idea is to kill the loan over time by repaying the money borrowed.