Word of the day. Today’s real estate word of the day is mortgage. Go ahead, Shana.
Mortgage, where the T is silent. A legal document that pledges a property to the lender asks security for for payment of a debt instead of mortgages, some states use first trust deeds. So most of us have or have had a mortgage on our home, securing the loan that we obtain to be able to purchase it.
Very good. And luckily, mortgage interest rates right now are relatively low historically. Mm hmm. Ok, Bill.