As expected, buying a home for the very first time can be quite stressful, especially if you are not familiar with the entire process. Hopefully the information below makes you a little more knowledgeable in the specifics, as it is useful in obtaining a better offer when you are applying for a mortgage.

Mortgages: The Basics

Generally speaking, a mortgage is the money borrowed from the lender that is used to buy a house. The cost of borrowing this amount of money is represented by the interest rate. You can typically find lenders anywhere, especially since the mortgage industry has expanded given the increase in property availability. The combination of investors seeking a high return and the government pushing the