After all, in order to get the best deal on your mortgage loan, you will need to understand But wouldn’t it make things easier if you felt that you had a “handle” on the process—or at least the terminology? Second Mortgage? Home Equity Loan? Understand The Basics Posted on August 21, 2008 Submitted By: Carrie Reeder A mortgage is usually the biggest purchase that an individual makes, and because of that, many people tend to get nervous during the process. Mortgage Information - Refinancing? In looking for the mortgage that's right for you, make your choice based on the best mortgage terms a lender can offer you. Don't settle for anything else. If possible, you can ask for mortgage advice from experts, real estate agents, and even your friends who have recently bought a home.