A mortgage is a loan that helps you purchase a home without paying the full cost upfront. It's a significant financial commitment but also a pathway to homeownership. By borrowing from a lender and repaying over time with interest, you can secure a home and build equity.

Why It Matters: Understanding mortgages helps you choose the right loan, avoid overpaying, and achieve homeownership with confidence. Research and professional advice are key to navigating this important decision.