{"id":88,"date":"2014-01-13T21:47:36","date_gmt":"2014-01-13T21:47:36","guid":{"rendered":"http:\/\/fastforwardstories.com\/?p=88"},"modified":"2014-01-13T21:47:36","modified_gmt":"2014-01-13T21:47:36","slug":"what-is-a-mortgage","status":"publish","type":"post","link":"https:\/\/ctgtn.com\/what-is-a-mortgage\/","title":{"rendered":"What Is A Mortgage?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_5ivr5zozen dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/5ivr5zozen\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The original phrase &#8220;mort gage&#8221; translates as &#8220;death pledge&#8221;! But as this video explains, a mortgage is a loan obtained to purchase real estate.<br clear='none'\/>\nThe &#8220;mortgage&#8221; itself is a lien &#8211; a legal claim on the home or property that secures the promise to pay the debt.<\/p>\n<p>All mortgages have two features in common: principal and interest.<\/p>\n<p>The principal is the amount you are borrowing which is &#8220;secured&#8221; by the lender&#8217;s claim on the property.<\/p>\n<p>The interest, usually stated as the percentage rate is the additional amount paid for borrowing. Mortgage interest is &#8216;compounded&#8217; &#8211; interest on interest, over time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The original phrase &#8220;mort gage&#8221; translates as &#8220;death pledge&#8221;! But as this video explains, a mortgage is a loan obtained to purchase real estate. The &#8220;mortgage&#8221; itself is a lien &#8211; a legal claim on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal&hellip;<\/p>\n","protected":false},"author":106,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[19],"tags":[16],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is A Mortgage? - Morristown, Jefferson City, Dandridge, TN | Colonial Title Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ctgtn.com\/what-is-a-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is A Mortgage? - Morristown, Jefferson City, Dandridge, TN | Colonial Title Group\" \/>\n<meta property=\"og:description\" content=\"The original phrase &#8220;mort gage&#8221; translates as &#8220;death pledge&#8221;! 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