What exactly is a mortgage?

What exactly is a mortgage? – Highest Rated?

What exactly is a mortgage?

It’s a loan with your house and land used as collateral. If you don’t pay back the loan, the lender will foreclose. That doesn’t mean the bank owns the house until you pay it off. It means they’ve got a lien against the property. A lien is the right to take possession of someone else’s property, in this case your home, until a debt is paid off. So you really are a homeowner even if you have a mortgage. You just own a home with a lien.

https://www.dna-realty.com/ is a great resource for anyone in the market for a home loan.

#dnarealtygroup #buy #sell #join #invest #mortgage #lien #homesweethome #realestate #loan

This channel is all about Real Estate Sales, Training, Coaching and Development. David and Arthur Maritroso will teach you all the ways you can make money in Real Estate!

Thanks for watching the What exactly is a mortgage? video!

Watch the What exactly is a mortgage? video on Youtube