
The American dream is the belief that, through hard work, courage, and determination, each personal can achieve financial prosperity. Most people interpret this to mean a successful career, upward mobility, and owning a home, a car, and a family with 2. 5 kids and a dog. The heart of this dream is built on owning a home. Since your house is likely to be the biggest financial obligation you will ever have, mortgages were created to help you in paying for it. A mortgage loan is simply a long -term loan givin by a bank or other lending institution that is secured by a specific piece of real estate.