What is mortgage and its types?

  What is a mortgage and its types?                             Traders, merchants, and business professionals frequently use the term "mortgage" or "mortgage loans." There are several different types of mortgages available . The length and amount of the loan can be tailored to your needs. So, first and foremost, let's define these terms.                              In simple words, a mortgage is an arrangement between a lender and the borrower. If a borrower fails to return the loaned money principle and interest, the lender has the right to seize the borrower's assets. In this instance, the borrower can use the borrowed funds to purchase desired things without having to put up any cash up front.  ...