My definition of a mortgage is; money borrowed and secured by real estate. This money is often borrowed to buy real estate, but can also be used for home improvements and debt consolidation. Mortgages are the generally the largest loan most people will have in their lives. The right mortgage can dramatically improve a persons life and finances. The wrong mortgage can destroy someone’s finances. There are many components to a mortgage. Make sure to read through our Mortgage Basics Blog to become well versed on what a mortgage is and does.