Mortgage Loan

A mortgage loan is a loan secured by real estate; in fact, a homeowner can borrow money from the bank for anything other than a real estate purchase, as long as they can link their loan to an existing property. A real estate mortgage loan can be set up when purchasing a new or old property, whether it is a primary or secondary residence or a rental property investment. In most cases, its amount represents 50 to 70% of the appraised value.