A mortgage is a form of secured debt. Where a lender is loaning you money to buy a house or an apartment, some type of property. And what's really interesting about a mortgage, is that in the event that you don't make a payment or you fall behind on your payments, because it's a secured debt, that lender has the right to foreclose on the property. And try and cut their losses. There are a lot of different types of mortgages out there from interest only mortgages, to fixed mortgages, to mortgages of different terms, adjustable rate mortgages. So clearly it can be confusing. But what's really important when you're borrowing a mortgage, is to try and get a mortgage that's right for your situation. They all work differently and they have different terms, and so it's really important that you understand all the nuances of the mortgage that you're getting to make sure it's appropriate for your situation. Now, when you're getting a mortgage, often times, your mortgage payment will be made up of three things. There's the actual loan, the principle and interest associated with the loan. But often times your real estate taxes and your home owner's insurance are also wrapped into your mortgage payment. And this is just a way of making your mortgage payment more convenient to you so that it's all in one monthly payment that you're following. So make sure. Take these steps. Get a mortgage that's right for your situation, make sure you understand how your mortgage works, and sometimes look for opportunities where you may be able to refinance or replace your existing mortgage with a new mortgage that might have better terms for your situation.