Mortgage
A mortgage is a loan used to buy real estate, with the property itself serving as security for the loan.
A mortgage is a loan used to buy real estate, with the property itself serving as security for the loan. The borrower repays the loan, plus interest, over an agreed term.
Why it matters to a Las Vegas investor
Most rental purchases involve a mortgage, so the loan terms affect monthly cash flow and how much cash you need up front. Understanding the structure lets you compare a Las Vegas rental on its real monthly cost, not just its price.
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Related terms
Questions about Mortgage
What does it mean that the property secures the loan?
It means the lender can take the property through a legal process if the loan is not repaid as agreed. This is why lenders review both the borrower and the property.
Is the mortgage payment the whole cost of owning a rental?
No. Property taxes, insurance, maintenance, vacancy and management also affect what you actually keep. See cash flow for how these fit together.