A mortgage loan is a loan secured by property – real estate with a mortgage note which secures the existence of the mortgaege loan in exchange for an encumbrance or lien. A mortgage loan can be arranged with several different benefits depending upon the property owner, thier financial situation and financial market place at the time a mortgage loan is secured.

A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a mortgage lender, mortgage broker, a bank,  investors or through the current proerty owner. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably.