What is a mortgage? how long does a mortgage take to payoff in the UK?

3 responses to What is a mortgage? how long does a mortgage take to payoff in the UK?

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  Jessica

  Comment on What is a mortgage? how long does a mortgage take to payoff in the UK? (December 24th, 2010 at 21:54)

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  Common Sense

  Comment on What is a mortgage? how long does a mortgage take to payoff in the UK? (December 25th, 2010 at 03:52)

  Student Loan Refinancing

  Why could you not look in a dictionary?
  A mortgage is a loan for real estate. Typically 15 to 30 years. If you can’t make the payments the lender will repossess or foreclose on the home.

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  blackgrumpycat

  Comment on What is a mortgage? how long does a mortgage take to payoff in the UK? (December 28th, 2010 at 11:31)

  Free Checking Account

  A mortgage is a money loan to buy a property. In the UK, average mortgages were for 25 years, but I think you can now get them for much longer. You can over pay each month which will reduce the mortgage and pay it off quicker. If you don’t keep up with your payments, the mortgage lender can take possession of your house to pay off the debt and you could end up homeless.

  What is a mortgage? how long does a mortgage take to payoff in the UK?