A mortgage loan, is a loan secured by real property through the use of a writing mortgage which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which, secures the loan. However, the word mortgage alone, in everyday usage, is most often used as mean mortgage loan.
The word mortgage is related to a Law French term meaning "death contract," meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure.
A home buyer ya builder can obtain financing (a loan) either to purchase or secure against the property from a bank or financial institution, either directly or indirectly through intermediaries. Features of mortgage loans such as the maturity of the loan, size of the loan, interest rates, method of paying off the loan, and other features can vary considerably,
In many jurisdictions, though not all , it is normal for home construction & purchases to be funded by a mortgage loan. Few individuals have enough savings ya liquid funds to enable them to purchase property. In many countries where the demand for home ownership is highest, strong domestic market has developed.