mortgage simple definition: What is a mortgage?

What is a mortgage?

What is a mortgage?. Definition of the terms Deed, Title, Note & Mortgage in Real Estate. #RealEstateTips - Jorge Llano

What is a mortgage? video duration 1 Minute(s) 57 Second(s), published by Which? on 23 10 2014 - 10:37:58.

http://www.which.co.uk/money/mortgages-and-property/guides/what-is-a-mortgage/?utm_campaign=video_money&utm_medium=video&utm_source= A mortgage is a debt instrument,secured by the collateral of specified real estate property.Mortgage calculators can also help you calculate over the life of the .

This video offers a simplified definition of the Qualified Mortgage (QM) rule
It is based on the definition introduced by the Consumer Financial Protection Bureau What is MORTGAGE? What does MORTGAGE mean? MORTGAGE meaning - MORTGAGE pronunciation -MORTGAGE definition - How to pronounce Brief explanation on the terms Mortgage, Note, Deed & Title
Understand the differences and similarities on how to hold title and loan legal paperwork.

http://www.which.co.uk/money/mortgages-and-property/guides/what-is-a-mortgage/?utm_campaign=video_money&utm_medium=video&utm_source=youtube_channel&utm_content=mortgage&utm_term=description

When you first take out a mortgage you start on an initial interest rate, which usually lasts for one to five years, before moving on to the lender’s standard variable rate. You can choose either a fixed or variable-rate deal.

Which one you should choose depends on whether you think your income is likely to change, whether you prefer to know exactly what you will be paying each month, or if you could cope if your monthly payments went up.