Business Description
The first step in financing your home is getting a mortgage. A mortgage is a loan that a lender gives you to help you buy a house. The amount you borrow is called the principal. The interest rate is the percentage of the loan that you pay the lender for borrowing the money.There are many different types of mortgages available, and the type that you choose will depend on your financial situation. The most important factor in choosing a mortgage is the interest rate. You should also consider the term of the loan, the type of loan, and the fees associated with the loan.
