Mortgage 101: What Is a Mortgage? A Simple Explanation for Homebuyers and Homeowners

What is a mortgage, really? Most people sign one without fully understanding how it works, and that’s usually where confusion, stress, and costly mistakes begin. In this video, I explain what a mortgage actually is, how it works, and what every borrower should understand before buying a home or refinancing an existing one. We cover: What a mortgage is and how it functions The role of the lender and the borrower Principal, interest, taxes, and insurance explained simply Why loan terms matter more than most people realize Common misconceptions that cost borrowers money Whether you’re a first-time homebuyer or someone who already owns a home, this is foundational knowledge that puts you in control of the process instead of reacting to it. Education first. Confidence follows. 📞917-669-1658 Have questions? Reach out anytime. No pressure, just clarity. what is a mortgage, mortgage explained, how mortgages work, home loan basics, mortgage for beginners, first time home buyer mortgage, refinance mortgage explanation #WhatIsAMortgage #mortgagebasics #HomeLoanEducation #firsttimehomebuyer #mortgageexplained #homebuying101 #stressfreehomeloan