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Buying a Home First Time Home Buyer

What is a mortgage?

Jessica Edwards with Coldwell Banker Sea Coast Advantage explains the financial commitment involved in purchasing a home.
Victoria Keichinger

It is common knowledge that the most important purchase one makes in their lifetime is a home. While we believe that the true value of a home is priceless, it is important to understand the financial commitment involved.

In the below video, real estate professional Jessica Edwards with Coldwell Banker Sea Coast Advantage explains the important question: what is a mortgage? Here is what you need to know about your home loan.

Your real estate professional and lender are there to answer all of your mortgage questions. Use them as your resource, but also be sure to do your own research.

Ready to find your dream home? Start your search on coldwellbanker.com.

first time home buyer first time home buyer advice mortgage
Victoria Keichinger
Victoria Keichinger

Victoria Keichinger is the Vice President, Brand Marketing for Coldwell Banker Real Estate. When she's not managing national media and advertising for the Coldwell Banker brand at work, she finds herself most at home in Jersey City, NJ with her pre-school crush turned spouse and son. A true Francophile, she loves to travel and will go anywhere there are ski slopes.

7 comments

  7. This may seem elementary, but in my experience a large number of first time home buyers think a mortgage is rent. They don’t understand that it’s a loan. A substantial financial commitment.

    Reply

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