Mortgages are loans which are given by lenders to pay for the purchase of real estate property, and have a specific time period and rate of interest for the payment. The borrowers, who are known as the 'mortgagors', give the lenders, also known as the 'mortgagees', a legal asset as a security against the loan. In Tylertown, the borrowers may get mortgages either from financial establishments like banks directly, or from individuals who act as mediators between the bank and the borrower.

Mortgages in Tylertown vary, depending on two main categories: the time period of the loan and the interest rate of the loan. Mortgages may be for 15 or 30 years, as per the time period in Tylertown. Based on the interest rates, the mortgages are either fixed or variable.

Three Cheers for the Home Team (Better Luck Next Time)!

By:  Lee Ann Rush I live on Long Island.  Many people who aren’t familiar with this part of the country think that Long Island (no, we don’t pronounce it “Lawn Guyland” where I come from!) is nothing more than a paved-over extension of New York City, with traffic-jammed highways, too many shopping malls, and an uber-wealthy enclave of movie stars and..