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Mortgage

You will probably need a mortgage if you are in the market to buy a house or buy land and build a house. You may need to finance part of it. For most countries, mortgage is the standard way for the lender to have a lien on the property that the lender is open to finance.

When a lender has accepted to finance your property and has registered the loan with legal authority, that lender actually becomes the owner of that property.

You will be the owner when you have repaid your loan to the last penny.

What proportion of the total value of the real estate is usually finance by the mortgager?

As a usual rule, the lender will finance a maximum of 75% of the total value of the property.
In some country, state or province, government help to housing programs can provide the lender with a loan guaranty and the mortgagee can have up to 95% financing on is property.
Other incentives exist, like interest deduction against income taxes. This is very helpful especially in the first years of repaying your loan because the proportions of interests as compared to capital you repay are highest then.

On what period should you amortize your loan?

You are young, most lender will suggest 25 years that is good for the first few years because your monthly payment will be lower it will give you a bit of "breathing space", more so if you got a loan at 95% of the value of the property . Later, if you can, shorten the amortization period, you will save a lot of money on interest

What term should you opt for?

The term is the length of time where you will have a guarantied interest rate on your loan.
Rates going up or down, you will still pay the same interest rate over that term.
You are not in money management, get the term that is most economical.
Interest rates are low and the only way they can go is up, then why not go for a five-year term that will cost you a little more interest but will guaranty the rate for five years.
If the interest rate is high, then opt for a one-year term.When the term is over, you can, pay the loan, get another one from another lender or renew for a different amortization period and term.

Best mortgage lenders?

Credit Unions are quite good at mortgage loan. It is in their philosophy to make their members money available to other members in their community. They usually know you well. If your credit history is good, it is much easier to get a loan.

Insurance Company will do this type of loan in specific markets, mostly commercial because the loans are usually larger and that it does not cost them more to manage a large loan than a small one.

Banks prefer short-term loans. That is why they are more in the business of car loans and line of credit.

What about mortgage brokers?

Mortgage brokers can sometimes after you got the best conditions you could find, get a mortgage loan for a little less interest rate than what you got. They have access to many financial institutions, large medium and small. It is probably worth it to ask.