| Mortgagee | |
 An entity that lends money to a borrower for the purpose of purchasing a piece of real property. By accepting a mortgage on the real property, the lender creates security in the full repayment of the loan in the future. |
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 Most people take out a mortgage to finance the purchase of a residence or piece of real estate. In order to limit its risk in the investment, the lender in the transaction creates a priority legal interest in the value of the property, substantially lowering the probability the lender will not be repaid in full if the borrower defaults on the loan. |
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 Shopping for a Mortgage - It starts with knowing your choices as well as your price range. We show you how to get there. Understanding Your Mortgage - We walk through the steps needed to secure the best loan to finance the purchase of your home. Mortgages: How Much Can You Afford? - Answering this means number-crunching as well as factoring in other considerations and expenses. Mortgages: Fixed-Rate versus Adjustable-Rate - Both of these have advantages and disadvantages depending on your financial needs and prospects. Mortgages: The ABCs Of Refinancing - Learn how the various reasons for doing it can mean the difference between financial prudence and ruin. |
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