A mortgage is a type of loan secured by real property. Most people think of a mortgage as being drawn to purchase a property, but mortgage loans are also used to refinance properties that are already owned by the borrower.
A mortgage drawn to support the acquisition or the refinancing of a home is typically called a residential mortgage. A mortgage drawn to support the acquisition or the refinancing of a commercially zoned property (like a warehouse, mall, or office facility) is usually called a commercial mortgage.
A mortgage lender (creditor) is compensated for extending the credit by charging the borrower (debtor) interest.
We don’t believe in a one-size-fits-all mortgage, and our loan experts are committed to providing you with a customized mortgage solution that fits your goals. Whether you’re a first-time home buyer or an experience home owner, we’ll help you find not just any loan, but the right loan.