Erik Luthens

HOW DO MORTGAGES WORK?

A mortgage is a loan provided by a bank or other lender, where the collateral is real estate to be purchased using that loan. State laws often vary in their interpretation of mortgage procedure. In addition, mortgages can carry a fixed or adjustable rate of interest. Some government programs provide mortgage assistance to veterans or other qualified individuals. In addition, real estate owners can take on additional mortgages to meet financial needs. Any mortgage is open to foreclosure if the real estate owner fails to make payments. Contact a Iowa real estate attorney representing clients in Indianola, Iowa today to schedule your initial consultation.


Indianola real estate lawyer, attorney Indianola, IA, mortgage / foreclosure / closing law firm - If you would like to schedule a initial consultation regarding your case, please contact the Luthens Law Offices at (800) 685-7948 or complete our inquiry form.