<P> Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property ( for example , their own business premises , residential property let to tenants or an investment portfolio ) . The lender will typically be a financial institution , such as a bank , credit union or building society , depending on the country concerned , and the loan arrangements can be made either directly or indirectly through intermediaries . Features of mortgage loans such as the size of the loan , maturity of the loan , interest rate , method of paying off the loan , and other characteristics can vary considerably . The lender 's rights over the secured property take priority over the borrower 's other creditors which means that if the borrower becomes bankrupt or insolvent , the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first </P>
<P> Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property ( for example , their own business premises , residential property let to tenants or an investment portfolio ) . The lender will typically be a financial institution , such as a bank , credit union or building society , depending on the country concerned , and the loan arrangements can be made either directly or indirectly through intermediaries . Features of mortgage loans such as the size of the loan , maturity of the loan , interest rate , method of paying off the loan , and other characteristics can vary considerably . The lender 's rights over the secured property take priority over the borrower 's other creditors which means that if the borrower becomes bankrupt or insolvent , the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first </P>
where do you get a mortgage loan from
where do you get a mortgage loan from
a financial institution , such as a bank , credit union or building society , depending on the country concerned , and the loan arrangements can be made either directly or indirectly through intermediaries
a financial institution , such as a bank , credit union or building society , depending on the country concerned , and the loan arrangements can be made either directly or indirectly through intermediaries