Education·18 April 2026·5 min read
The mortgage — how you buy a house with the bank's money
The biggest loan in most people's lives. How a mortgage works and what to watch for.
A mortgage lets you buy a house now and pay for it over 20–30 years. The house stays as "collateral": if you don't pay, the bank can repossess it.
Interest matters enormously
Over 30 years, even a small interest difference means tens of thousands extra. That's why it's vital to understand fixed vs variable rates and total cost — things you can simulate in Kosron Bank.
You pay for a house once. The interest on it — every month, for years.
