mortgage basics

If you’re a new homebuyer, understanding what a mortgage is can make your purchase smoother and less stressful. A mortgage is simply a loan used to buy a home, where the property itself secures the loan. In this guide, you’ll learn how mortgages work, the key terms you need to know, the types of mortgage loans available, and how the application process unfolds. Knowing these basics will help you make smarter financial decisions and feel more confident on your path to homeownership.