The Mortgage Mentor was born out of an idea to inject the world with wisdom in the field of mortgages. Of course his views and opinions are often anecdotal and should in no way be implied to be professional advice from a mortgage advisor. Professional mortgage advisors must usually take exams. It depends where in the world you are obtaining a mortgage as to the requirements of the local financial services regulator. Of course when getting a mortgage to buy a home always get legal advice first.
Houses for Sale are of course intimately connected with mortgages. Indeed one rather depends upon the other. Prices of houses and mortgage rates are usually closely linked due to the importance of real estate values in most modern economies. Of course the supply and demand of houses, planning controls and many other factors effect price, which in turn effects the worth of the owner, or mortgagor, and thus impacts upon spending and inflation.
Of course a mortgage is a secured loan. The mortgagor is the borrower who is lending money against the security of the house. Usually the difference between the mortgage amount and the value of the property is called the equity. This is what people use for additional secured loans or second mortgages. Also this facilitates re-mortgaging. This is another way of releasing equity to raise capital.
