Mortgages are loans provided to buy a home. These are secured against the property and are paid over a long period of time. You then have full ownership once it has been paid in full plus interest, but mortgages can become a major concern for people struggling financially.
In this guide we’ll explore mortgage debt in detail, including what it is, how people fall into debt to mortgage lenders, and what your options are if you’re struggling with your monthly mortgage payment.