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Welcome to 1st Mortgage Solutions
With so many options available in todays market, it can be confusing trying to find the right mortgage. We have put together some information to help you make the right decision for you.
As well as information about types of mortgages, bridging loans, mortgages in principle, mortgage calculator and a forum.
A mortgage is a method of using property (real or personal) as security for the payment of a debt.
The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage.
In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals or businesses can purchase residential or commercial real estate without the need to pay the full value immediately.