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Updated date: Tuesday, July 8, 2025 - 19:43

What happens when you mortgage your house?

When you get a mortgage you will sign legal documents known as a mortgage note that promise you will repay the balance of your mortgage, with interest and other possible costs over a set period of time. If you default on your mortgage payments, the lender is allowed to take back your house and sell it.

Mortgage Guide

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1	Are wills public record?
2	How do I borrow money against my house?
3	How much can I borrow from my house?
4	Who holds the title to my house?
5	Is paying off a mortgage a good idea?
6	Can I ask the executor for a copy of the will?
7	What type of mortgage is an ARM?
8	Who holds the deed when you have a mortgage?
9	Can a personal loan be used to buy a house?
10	Is it a good idea to take equity out of your house?
11	What is the difference between a bank and a mortgage broker?