The mortgage loan is the amount that you will get against your application for mortgage. There are different types of mortgage loans available and you need to select the most suitable one according to your options.
The most mortgage loan is the conventional type mortgage. This usually have a fixed rate mortgage interest, but you can have other interest rates. The conventional mortgage will give you a long time to pay the loaned amount an interest and you have to pay it in many monthly installments. The installments depend on the time and loaned amount.