What Is a Mortgage Loan? Explained in Detail

what is mortgage loan

A mortgage is a legal agreement you sign while buying or refinancing a house, which grants the creditor a power to take the property until you pay the loan back.

Mortgage is derived from the Latin word “mort,” which means death – as in “debt is yours before you die.” A mortgage is more versatile than its literal meaning implies, however, these rules are still a significant undertaking which underlies the obligations for reimbursing your home loan.

Seven features in a mortgage to look for,

  • The scale of the loan
  • The rate of interest and related points
  • The loan closing costs including the loan charges
  • The Annual Percentage Rate (APR)
  • Type of interest rate (fixed or adjustable) and whether it can differ
  • The duration of the loan, or how long you will repay the loan
  • If the credit has some other risky aspects, such as a pre-paid fee, a single interest option, a balloon clause, or a negative amortization

Who Uses a Mortgage?

Some people and companies use mortgages to purchase large immovable properties without debiting the total purchase price in advance. The creditor pays the debt over several years, plus interest before the property is free and clear. 

Mortgage is also referred to as “law against property” or “demands to property.” If the borrower avoids paying the mortgage, the creditor can foreclose it is a kind of intangible rights.

In the case of a residential mortgage, a homebuyer guarantees his house to bank or another form of lender who is entitled to a house if the homebuyer defaults on paying off the mortgage. 

The lender can evict the tenants of the house then sell the house in case of a foreclosure, with the revenue from the sale used for the debt clearance.

Demand for a mortgage: Steps Involved

It can be challenging to apply for mortgage credit. Before moving to their bank, the very first thing a borrower can do is obtain a copy of their credit history to search for mistakes. When inaccurate information is provided, it must be contested, given the fact that unresolved problems may lead to the denial of a mortgage application or a higher interest rate being paid.

The borrower needs to be aware of what type of property you want, how highly qualified, and how much of your budget covers. These limitations may determine the type and length of the mortgage.

The lender is assessed, and the value of the house, used to guarantee the loan, is determined through this calculation. The buyer should be charged a fee for all the validation service, which can usually be included in the closing costs.

The borrower will be required a large amount of data once the mortgage application is made. Here the documents that borrower must be prepared to give to the lender:

  • Bank details, including name, account number, address, and three months of declarations.
  • Investment reports for three months.
  • W-2s, Wages, proof of work, and profits over two years.
  • The self-employed will receive tax reports & balance sheets.
  • Debt owed at present, including due amounts & account numbers.
  • Divorce records, if necessary.

When the application has been completed, the lender must review the request and determine whether to reject or accept it. If accepted, meet with the documents that have been signed and the agreement closed. 

When declined, the potential borrower must contact the lender to prepare the borrower to figure out why the request was denied. By law, the potential borrower will receive a written declaration from the lender explaining why the application was rejected.

What does “NASA” Stands For? Explained in Detail

what does nasa means

NASA is the abbreviated form of – National Aeronautics and Space Administration. It is an individual agency which is in the United States of America responsible for civilian aviation and space research programs.

History of NASA:

  • National Aeronautics and Space Administration is the U.S. government agency responsible for the country’s civilian space program and Aerospace Research.
  • President Dwight D Eisenhower is the founder of the National Aeronautics and Space Administration and established in the year 1958 with a distinctly civilian orientation that promotes peaceful applications in space exploration.
  • On July 29,1958, The National Aeronautics Space act passed replacing its predecessor, the National Advisory Committee for Aeronautics.
  • On October 1, 1958, the committee started its operation. Since then, most of the U.S. space exploration efforts have been led by NASA, including the Apollo Lunar Earth Emissions, the Skylab Space Station.
  • For Now, NASA is supporting the International space station and monitors the development of Orion multipurpose crew vehicles and commercial crew vehicles.

NASA is also responsible for the launch operations and manages the countdown for NASA’s Unmanned space programs. Recently, NASA announced a new space launch program that would take the agency’s Astronauts further into space than ever before, laying the groundwork for future U.S. efforts to explore human space.

Important timelines of NASA:

  • 11 Oct 1958 – Pioneer I, NASA launched their first shuttle.
  • 6 Dec 1958 – Pioneer 3, was launched by NASA. It was the only satellite that reached an altitude of 63,580 miles, which is considered to be the highest-launched satellite of its day.
  • 3 Mar 1959 – Pioneer 4 was launched by NASA, which successfully completed the lunar flyby and landed on the moon.
  • 1 Apr 1959 – America has launched its first weather satellite that would observe the Earth’s weather. It named TIROS 1.
  • 5 May 1961 – Astronaut Alan B. Shepard Jr. was the first man in space to fly the Freedom 7 into orbit. His flight lasted almost 15 minutes, and he successfully landed in the Atlantic Ocean.
  • 10 Jul 1962 – Nasa launched the first privately funded satellite, Telstar l. This satellite was the first to transmit telephone and television signals, paving the way for the cable and mobile networks we have today.
  • 3 Jun 1965 – Gemini IV was launched and remained in space for four days for preparation for the upcoming Apollo mission. Astronaut Edward H. White II made his first spacewalk in the United States.
  • 16 Jul 1969 – Astronauts Neil Armstrong and Edwin Aldrin became the first humans to land on the lunar surface on Apollo 11. Armstrong made his famous statement, “A small step for a man a great leap for humanity.”
  • Jan 1998 – Major space organizations around the world have begun working together over the years, including America, Russia, and China. The International Space Station is a joint effort to explore and experiment in biology, physics, astronomy, meteorology, and more.

Besides launching Manned Satellites, NASA has launched more than 1000 of Unmanned Satellites to explore the Earth and the Solar System. Apart from this, many communication satellites have been launched, and these launches will be either from Earth or from the orbiting space shuttles, which could either deploy the satellite or launch a rocket stage to take it further into Space. Check here to know more about NASA’s launch vehicles

NASA’s strategic goals:

  • Extend and support human presence across the solar system.
  • Develop scientific understanding of the Earth and the universe.
  • Create innovative new space programs and technologies.
  • Advance aeronautics and aeronautical research.
  • Enable programs that can provide capabilities to conduct NASA’s aeronautics and space activities.
  • Share NASA project details with the public, educators, and students to provide opportunities to participate.

What is the Difference Between iPhone 11 & iPhone 11 Pro

Lets start the correlation between iPhone 11 and iPhone 11 Pro, the most obvious one is the price difference. iPhone 11 is a relatively economical option for the new model with a starting price of $699, whereas the iPhone 11 Pro starts at $999.

iphone 11 vs iphone 11 pro

Naturally, the first thing that will come to anyone’s mind is, what exactly are we getting for that $300 difference. Both the iPhone models feature A13 Bionic Chip, new U1 chip, improved TrueDepth Front Camera, Wide and Ultra Wide lens, IP68 water resistance, faster Face ID,  storage capacities. But there are few differences, and let get some detailed differences between the iPhone 11 and iPhone 11 pro.


iPhone 11 pro – Super Retina XDR VS iPhone 11- Liquid Retina HD 

Screen Technology on the iPhone 11 and iPhone 11 Pro is so unique in each model. iPhone 11 Pros feature Super Retina XDR Display, which is essentially an OLED display, while the iPhone 11 has a Liquid Retina HD display that still uses LCD technology, which found on iPhone 8 or older iPhones.

OLED panels are capable of displaying pure black and are more power-efficient than LCD based screens. iPhones 11 Pro has an HDR display feature that is missing on the iPhone 11. 

Brightness from the Super Retina XDR display goes up to 800 nits at maximum intensity, whereas Liquid Retina HD display only goes up to 625 nits max brightness. The Super Retina XDR display offers 458 pixels per inch compared to 326 pixels per inch of Liquid Retina Display.


iPhone 11 pro -Triple camera vs iPhone 11 – Dual camera 

The new iPhone 11 Pro has a three-camera system while the iPhone 11 has only dual cameras. Apple highlighted the presence of additional lenses on the Pro model as one of the most significant selling points. 

However, unless you want an extra telephoto lens on Your iPhone 11 Pro, you won’t see the difference between the camera on both devices. The camera on both new models is the same, except you get an extra lens on the pro version. 

On both devices, you get 12-megapixel Ultra Wide lenses, Night Mode, True Tone Flash,Auto Adjustments, depth control and Portrait Mode with advanced bokeh, portrait lighting effects, and Smart HDR. The front TrueDepth camera system is exactly same on all three models.


Apple has significantly improved battery life with the iPhone 11 Pro, as it now claims to offer 4 -5 hours more battery life than its predecessors. iPhone 11 Pro offers video playback for up to 18 hours, Compared to iPhone 11, which provides video playback for up to 17 hours.

Apple Audio claims that the iPhone 11 Pro offers 65 hours of wireless audio playback. Compared to the iPhone 11 which provides 65 hours of audio playback.


Both new iPhone offers an IP68 rating, but one on iPhone 11 Pro is considerably better when compared to the iPhone 11. The Pro model can withstand a maximum depth of 4 meters for 30 seconds. Compared to this, iPhone 11 can only withstand the depth of 2 meters for 30 seconds.


Apple is offering the iPhone 11 in six colors, including  Green, White, Red, Purple, Yellow,and Black. iPhone 11 Pro comes in four colors, including Silver, Space Grey, Gold, and the new Midnight-Green color.


Here’s the pricing difference between iPhone 11 and iPhone 11 Pro for various storage sizes.

Model64 GB256 GB512 GB
iPhone 11699$749$849$
iPhone 11 Pro999$1149$1349$


These are the main differences between iPhone 11 and iPhone 11 Pro, which are to be considered while purchasing. Both phones stand out from a different perspective. You can go with the iPhone 11 if you want to be economical, or you can choose the iPhone 11 pro if you are photogenic.

What Does HMU Means? Explained in Detail

what does hmu means

HMU is an abbreviation which means “hit me up“. It is mostly used in text messages. It’s a natural way to tell someone to contact him or her by phone or email. It is the alternative word used to contact me or call me.

Origin of HMU:

HMU is an informal way of asking someone to contact them. It was first used during the year 2009. Then it was used in facebook, and later in 2010, it was seen on online dictionaries like the urban dictionary.

What does HMU mean on social media?

Social media sites like Facebook, Instagram, Snapchat are used by millions of people to contact each other. The most valuable part of these social media is that it allows people to send instant messages. Therefore HMU is used in messages as well as in comments to have someone contact them.

Example texts with HMU:

John: hey, I will leave the office at 5.30.
Kevin: ok, hmu when you reach home.

HMU with moves:

HMU with making moves is a term that means making strike plans against someone or an organization. It is generally related to crime. If you ask someone HMU with moves means that you are interested in participating in a strike with them.

Example texts with HMU with move:

I think I can knock him out, HMU with moves.

Being flirty with HMU:

The word HMU can’t always be flirty; it is mostly based on the context. In general, HMU means you get a callback, which can be used to set up a date or meeting.

Example texts with HMU:

What are you doing after school? No plans, well HMU and we can grab a coffee.

HMU & TBH Meaning:

TBH means to be honest if it is combined with HMU into HMU for a TBH, it means you are asking the other person to contact you back with their honest opinion about something or someone.

Example texts with HMU & TBH:

Do you know Alice? HMU for a TBH on her.


HMU expands hit me up, and HML means hit my line, both the synonyms have a similar meaning. You can use HMU or HML in a context. When you use these words, you are asking the other person to contact you.