A mortgage is a loan that is used to purchase a property. The property serves as collateral for the loan, and the borrower makes monthly payments until the loan is paid in full. In most cases, mortgages are paid in arrears, which means that the borrower makes payments for the previous month at the beginning of each month. For example, if you close on your mortgage on May 15, your first payment will be due on July 1 and will cover the interest and principal for the month of June. Some lenders allow borrowers to make their payments in advance, but this is not as common. If you have any questions about your mortgage payment schedule, be sure to ask your lender for clarification.
Have you ever found yourself in a situation where you need some extra cash to cover unexpected expenses? Do you have bills piling up and