Mortgage Loans Made Easy

A mortgage is a loan used either to purchase or secure against a property. Generally, mortgages are structured as long-term loans broken into a series of periodic payments; payment periods are usually anywhere between 10-30 years.


Features of mortgage loans that vary include:

  • Size of the loan


  • Maturation of the loan

    • - Date the loan must be paid in full by


  • Interest rates

    • - Rate of interest charged for borrowing money


  • Method of payment

    • - Cash, check or online


  • Payment Period

    • - Time period required for repayment of a loan in fixed installments at regular intervals such as monthly, quarterly or semi-annually


Typical mortgage loans offered to home owners include: fixed rate mortgage (FRM), adjustable mortgage (ARM) and jumbo mortgage loans.