Mortgage Loan

Welcome to LOTUS FINANCIAL SOLUTION, where we understand that a Mortgage loans are a common method for individuals to finance the purchase of homes, offering a way to spread out the cost over many years while living in the property.

What Is Mortgage Loan ?

A mortgage loan is a type of loan secured by real estate property, typically used by individuals to purchase homes or other real estate. The borrower agrees to repay the loan amount, along with interest, over a specified period, usually ranging from 15 to 30 years. The property itself serves as collateral, meaning the lender can seize the property if the borrower fails to make the agreed-upon payments.