As opposed to most other debt instrument, mortgage loan tends to
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As opposed to other debt instruments, a mortgage loan tends to be repaid over the life of the loan.
- A home loan or a mortgage is used either by real estate sellers to raise funds for the purchase of real estate, or also by existing property holders to raise funds for any purpose while lending to the mortgage asset.
- Credit may be set for the life of the loan or adjustable, and may adjust at certain pre-defined periods; higher or lower interest rates may also be.
- There is usually a maximum term on mortgage loans, that is, the amount of years after an amortizing debt is repaid.
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