A bank, otherwise known as a mortgage lender, will loan you a specific amount of money that will need to be repaid in “X” amount of years at “Y”mortgage rate. You can also obtain a home mortgage via amortgage broker, who acts as a middleman, or from a non-bank lender, which ...
Net Worth is tiotal assets minus liabilities. Net Investments is assets that generate income and/or accessible capital gain minus liabilities. Net worth can include the house and primary mortgage, but in general sense a residence is not a typical investment as it doesn’t generate income, it i...