Mortgage is the method of paying interest at times when we have little financial assistance to pay our loan. It is processed by means of pledging our property by giving provisional right of ownership to the lender. However, the task of repayment for mortgage loans is a challenging one. If you develop the culture of repaying at the right time and without any delay, you are at the safe zone. Mortgage rates vary according to the type of mortgage loan you prefer to take up. Mortgage rates differ based on the amount and repayment tenure.