Want to learn a little about the history of home loans? The below article is a quick guide to learning about the market.

A home is the biggest single investment in most people's lives involving hundreds of thousands of dollars in the purchase. Enter the mortgage loan agreement (which is a rather formal way of referring to it). The mortgage loan or, just plain mortgage, was invented around 1190 A.D. as a means for more people to own land without having to pay the entire amount up front. This created the debtor/creditor relationship which still exists today in such large purchases.


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