A mortgage loan is the term used to depict a loan secured by a mortgage on real estate. The term 'mortgage' here means the lawfully permitted security, but the terms is frequently used interchangeably to describe the mortgage loan itself. On a general basis, mortgage loans mean those loans secured by housing property, usually for the function of obtaining the residential property. Mortgage loan prices are sometimes lesser than other methods of borrowing as the value of the property decreases the risk factor for the lender.

Mortgage lending is the principal instrument utilised in several nations to financially back the individual or private possession of a residence. Even though the terms and exact conditions of the loan may vary form nation to nation, the basic structure of the elements would tend to be the same.