🏡 Real Estate Vocabulary: Mortgage 🏡

A mortgage is more than just a loan—it’s the foundation of homeownership! When you take out a mortgage, you're using your property as collateral for the loan, with the agreement to repay it over time.

📌 Key Mortgage Facts:
✅ Secures your home loan 🏠
✅ Typically repaid over 15-30 years 💰
✅ Includes principal, interest, taxes, and insurance (PITI)

Thinking about buying a home? Let’s talk about your mortgage options and get you into the perfect home!

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