# Mortgage

*Borrowing & Credit — Finicade finance glossary*

A long-term loan to buy property, secured on the home itself. You repay it over decades in level instalments that are mostly interest at first and mostly principal near the end — the classic example of amortization.

**Related terms:** [Amortization](https://finicade.com/glossary/amortization), [Principal](https://finicade.com/glossary/principal), [Interest Rate](https://finicade.com/glossary/interest-rate), [Good Debt vs Bad Debt](https://finicade.com/glossary/good-debt-vs-bad-debt)

Source: https://finicade.com/glossary/mortgage