Mortgage Loan is a real property secured loan through the use of a mortgage.  Banks directly or indirectly allows home buyers to obtain financing through purchasing or securing it against the property. Features of mortgage loans can vary in size of the loanable amount, maturity of loan, rates of interest, loan payment methods and other characteristics. Mortgage loans are structured as long-term loans, the periodic payments for which are similar to annuity and calculated according to the time value of money formulae. The basic arrangement would require a fixed monthly payment of ten to thirty years, depending on local conditions.