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A ________ is a loan that helps you purchase a home.
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Mortgage
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Closing
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Interest Rate
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Appraisal
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A mortgage is a loan that is specifically designed to help individuals purchase a home. It is a financial agreement between a borrower and a lender, typically a bank or a mortgage company, where the lender provides funds to the borrower to buy a property. The borrower then agrees to repay the loan over a set period of time, usually with interest. Mortgages are a common and popular way for individuals to finance the purchase of a home, allowing them to spread out the cost over several years.
