Features of mortgage loans such as the size of the loan, and other characteristics can vary considerably. A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
A mortgage loan is a loan secured by real property through the use of a mortgage (a legal instrument).
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