First Home Buyers Hot tips
New Home Buyers Hot Tips: Part 1:What is a mortgage:
November 2, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips:
Part 1 : What is a Mortgage:
What is a mortgage?
When you borrow money to buy a home the lender will secure the loan over the property. The document that secures the property is called a “ Mortgage”. The mortgagor is you the borrower and the mortgagee is the bank or company lending you the money.
The amount you actually borrow is called the principal.
Kevin is a member of the New Zealand Mortgage Brokers Association. The NZMBA promotes standards of professional and ethical conduct, including expert knowledge, integrity, competency and service to clients, lenders and the public of New Zealand.
