About

Awesome Mortgage is a blog that will focus on bringing you information about various types of mortgage loans as well as other types of loans for those who wish to know more about it.

What is a mortgage?

A mortgage (Law French for “dead pledge”) is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt (also called hypothecation) for the rest of the value of the property.

More information

You can do a search on these related phrases:

  • second mortgage
  • adjustable
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  • private mortgage insurance
  • mortgage broker
  • fixed rate mortgage
  • first mortgage
  • mortgage insurance
  • balloon mortgage
  • adjustable-rate mortgage
  • conventional mortgage