Mortgages may seem overwhelming and confusing to a potential homebuyer, especially if you are a first-time shopper and have not yet been through the process of getting a home loan.

To break it down quite simply, a mortgage is a loan used to finance a piece of property. It typically begins with a down payment from the borrower (between 3 and 20 percent) and is paid back over time, with varying loan terms between 15 and 30 years.

Mortgages are intended to make home buying as attainable as possible. In fact, a mortgage payment in many cases can be more affordable than a rent payment!

If you are interested in filling out an application, or simply have questions about the home buying process, visit