Mortgage is a type of loan used to finance the purchase of a real estate property It is typically taken out by a prospective homeowner and is secured by the property title until the loan is paid off. The loan is usually repaid in regular instalments over a period of usually between 15 and 30 years.
1. An examination of the differences between fixed and variable rate mortgages.
2. A discussion of the benefits and disadvantages of private mortgage insurance.
3. An exploration of the various types of home equity loans available.
4. An analysis of the impact of the economic crisis on the mortgage market.
5. An exploration of the various strategies and policies used by lenders to reduce foreclosure rates.