home loan programs texas A loan secured by the property is called a mortgage. In this, the homebuyer receives funds to buy property or a home, and a lender gets the buyer's promise to pay back the funds within a specific time frame for a particular amount.
A loan secured by the property is called a mortgage. In this, the homebuyer receives funds to buy property or a home, and a lender gets the buyer's promise to pay back the funds within a specific time frame for a particular amount.