Definition: Mortgages explained
A mortgage is called among other things, real estate loans, mortgage or construction loan. So you borrow money, for example, to build a house or to buy a pre-built (used) property. This loan then you pay usually in monthly installments over many years gradually AIE priority focal points at a mortgage lending are banks (advantage: Personal advice) and online direct banks (often more favorable interest rates, but the contact usually occurs only on the Internet and the phone). Other possibilities are, for example, building societies (also building savings contracts) or financial brokers.
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