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Real Estate Transactions

Payment Options and Lender Regulation

Payment Options and Lender Regulation

Learn about different types of loans and payment options associated with mortgages, as well as consumer-oriented regulation of mortgage lenders.


In this lesson, we’ll discuss some of the multiple types of loans available to mortgage borrowers. We’ll also discuss some of the consumer-protection laws that regulate mortgages. This material will mainly cover residential mortgages, and we’ll discuss commercial mortgages in another lesson.

Before we dive in, let’s remember that the loan and the mortgage are legally distinct. The loan is the borrower’s personal debt, which is secured by the mortgage lien. Nonetheless, it’s common to use the...