What is a Mortgage | Money Instructor

Learn the basics of a mortgage loan for buying a home, mortgage lenders, and types of mortgages.

A home loan, also called a mortgage, is a type of loan used to buy a house or other types of real estate. Banks, credit unions and other financial institutions all offer mortgages. Types of mortgages include fixed-rate and variable rate mortgages.

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this is monthly amortization in Philippines