Why Need A Mortgage Loan?

Most people who buy a home do so with a mortgage. A mortgage is a must when you can’t pay the entire cost of your house out of pocket. There are instances where it makes sense to have a mortgage Roseville on your home even if you have the money to pay it off. For example, investors sometimes mortgage real estate to free up funds for other investments. With a secured loan, the borrower promises the lender collateral if they stop making payments. With a mortgage, property is collateral. If you stop paying your mortgage, your lender can foreclose on your home in a process called a foreclosure.