Phone (515) 225-9000


QUESTION

How do mortgages work?

Contact an Iowa real estate lawyer representing clients in Newton, Iowa today to schedule your initial consultation.

ANSWER
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.


If you would like to schedule a initial consultation contact an Iowa mortgage and foreclosure attorney, representing clients in Newton, Iowa at Howes & Anderson P.C. Give us a call at (515) 225-9000 or complete our inquiry form.