Mortgage is brodly devided in two category :
1.Home Mortgage : Home mortgage is one when you use the mortgage for getting your home where you can live with your family.
2.Commercial Mortgage : Commercial mortgage is one where you buy a property for commercial use and sale the same when you get good return from it.
If you go to apply for mortgage there are many people are ready to give you free advice from your family and friend ,but is better that you can get information from the expert who knows every detail of the mortgage.
Mortgage refinance company broadcast there add that they give services on free of cost to the people.
Actually these company add there charge with the EMI of the debtor.
When you go for the refinance than read the document carefully.
First time homebuyer some time already get the mortgage loan than to go for the long process .If you go for first time its better you can wait for some time as the mortgage really affect your income for long time .
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