What is Mortgage: - Mortgages are a sort of loan that can be used to buy or keep up a house, land, or other piece of real estate. The borrower agrees to make periodic payments to the lender, usually in the form of a series of regular installments that are split into principal and interest. The property then acts as security for the loan. In general, you will pay the interest the longer the loan term. While monthly payments on loans with shorter durations are typically greater than those with longer terms, interest rates are typically lower. But a lot relies on the specifics - which loan terms you're looking at as well as the interest rate will determine just how much lower the interest costs and how much higher the monthly payments could be. Residential Loan: - Residential mortgage loan is type of home or personal loan which is taken for to build your dream home. Whenever you want to take any home loan and you are facing lots of problem so we are here to help you because we are Sunny Lending LLC and provide you best Residential Loan facilities. If you want to build your dream home in Maryland then you can consult with us.