A mortgage is a loan from a bank or lender to help you finance the purchase of a home. When you take out a mortgage, you make a promise to the lender that it will act as a security or we can say collateral. A mortgage requires you to pledge your home as the lender's security for the repayment of your loan and also if we check then it is likely the largest and longest loan you'll see as the tenure is flexible.
Hi, I am Anjali Singh, a professional Financial Analyst. I have done MBA in Finance and worked in many finance organizations. I have worked on top financing firms for the past 6 years. Recently I a...