What is a mortgage?
In order to find the best mortgage product for you, it is important to first understand what a mortgage is. A mortgage is a financial instrument typically used for the purchase of a house. A borrower receives a loan for the purchase of a house which is, in turn, secured or collateralized by that house. An arrangement is made for regular payments over a period of time in order to pay off the loan. Usually, interest is charged to the customer in exchange for the loan.
Mortgages come in many forms and varieties, usually differentiated by the time period over which they are paid and the way interest is charged on the loan.

Castle Mortgage Corporation is a licensed First and Second Mortgage Lender in the State of Connecticut. Equal Housing Lender. Equal Opportunity Lender.

Last modified on Monday, July 15, 1996