Because I firmly believe in empowering my clients with knowledge and choices, so they can make the best real estate decisions, this is the first post of a series of videos geared toward home-buyers and home-sellers who want to learn and be familiarized with the mortgage process.
Simply put a mortgage is a loan for the purpose of buying a home. It is a "secured loan," meaning that you have to put up collateral in exchange for the loan. In the case of a mortgage, the collateral is the home itself. You repay the mortgage in monthly installments.
Learn mortgage basics so you can decide what type is best for your situation!
Stay tuned for the second video in this mortgage series!
Iveth Caruso, your REALTOR in Forsyth Co.