Mortgage
A mortgage is a loan that is used to finance the purchase of a home. The borrower agrees to repay the loan over a set period of time, typically 15 or 30 years, and to make regular payments of interest and principal. Continue Reading Below
Industry Studies
Encyclopedia Articles
Discover the definition of financial terms related to mortgage.
What is a Home Equity Investment Agreement (HEA/HEI)?
Andrew Latham
What Is a Leasehold Property? Definition, Types, and What to Check Before You Buy
SuperMoney Team
What Is Leasehold Home Ownership? How It Works, What It Costs, and Who It Fits
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What is Debt Service?
Erin Gobler
Underwriting Standards: Definition, Implementation, and Real-world Examples
SuperMoney Team
Non-Recourse Loan: How It Works vs. Recourse Debt
Andrew Latham
Impound Account: How Mortgage Escrow for Taxes and Insurance Works
Andrew Latham
Basis Points (bps): What They Are and How to Convert Them
Andrew Latham
What Is a Loan Officer? Role, Licensing, and vs. Broker
Andrew Latham
Deed of Trust: What It Is, How It Differs from a Mortgage, and How Foreclosure Works
Andrew Latham