A mortgage is a financial agreement between a borrower and a lender that allows the borrower to purchase a property. The borrower agrees to repay the loan with interest over a specified period of time, usually 15 to 30 years. The property serves as collateral for the loan, meaning that if the borrower fails to make payments, the lender can seize the property and sell it to recover their investment.

Mortgages are commonly used by individuals to finance the purchase of a home or real estate investment. The terms of the mortgage, such as interest rate and repayment schedule, are determined by the lender and can vary depending on factors such as the borrower's credit score and the amount of the down payment. It is important for borrowers to carefully consider their financial situation and options before taking on a mortgage, a bad credit score can disqualify you or have you paying thousands of dollars in the form of interest.

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What's the minimum required Credit Score needed to Purchase a home

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What is a Mortgage

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