The dream of owning a home is one shared by many, but the path to achieving it often involves navigating the complex world of mortgage loans. Whether you're a first-time buyer or looking to refinance, understanding how to secure a mortgage loan is crucial.  What Is a Mortgage Loan? A mortgage loan is a type of financing secured by real estate property. It allows potential homeowners to borrow money from lenders to purchase a home, with the property itself serving as collateral.