What is a mortgage?
Mortgages are commonly understood as being loans on properties, though if we study the term more closely, this is not quite true. The reason is because it is in fact a charge that a “lender” has on your property because he is giving you a loan. And so, what is commonly known as a “mortgage” is actually called a “mortgage loan”. But that’s not the term we will be using here because at PostFinance, we simply use the more common term.