The Key Elements

A MORTGAGE is a long-term home loan that a borrower obtains from a bank, thrift, independent mortgage broker, online lender or even the property seller.

The house and the land it sits on serve as collateral for the loan. The borrower signs documents at closing time giving the lender a lien against the property. If that borrower doesn't make payments as agreed, the lender can take the home through foreclosure.

Because mortgages are such large loans, consumers pay them off over long periods -- usually 15 to 30 years. Their monthly payments gradually whittle away the principal balance, slowly at first then rapidly toward the end of the loan.

The key elements of a mortgage are knowing what a mortgage payment consists of and understanding APR. Armed with this knowledge you will have the key to shopping for a mortgage.

• What's in a Mortgage Payment
• Key Elements of a Mortgage

More Home Mortgage Loan Info

• Rent vs Own Comparison

• Buying a Home in 8 Easy Steps - Short Tutorial on Buying A Home

• Key Elements of a Mortgage

• What's in a Mortgage Payment

• Understanding APR

  
  

Home Mortgage Loan Links

Home Mortgage Loan

• Key Elements of a Mortgage




• What's in a Mortgage Payment?




• Understanding APR




• Buying A Home in 8 Easy Steps

• "Steps 1,2"

• "Steps 3,4"

• "Steps 5,6"

• "Steps 7,8"

• Rent vs Own Comparison

Buying a Home? Pre-qualify for FREE today by:


- calling TMG Finance at

800-5000-TMG
(800-500-0864)



- filling out our quick, no obligation form

Home Mortgage Loan Online Application



- emailing us at

info@tmgfinance.net

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