It is a help when tracing your family history to know something about the origin of and evolution of Irish names and particularly how names have changed over the centuries.
Repayment mortgage. With repayment mortgages you pay the interest and part of the capital off every month. At the end of the term, typically 25 years, you should manage to have paid it all off and own your home.
For example, a bank that loans money to a borrower to purchase a home would expect a security interest in return. The security interest that lenders expect from borrowers is called a mortgage. When a mortgagee receives a mortgage from a borrower, there is a perceived decrease in the risk that a borrower won't pay the debt. Mortgagor A mortgage is the most common form of security interest given to lenders by borrowers who need money to purchase real property. Mortgagors are the borrowers who pay the mortgage to those lending them money to purchase things like a home. A mortgage isn't the loaning of money to purchase real property, which is why lenders aren't mortgagors. A mortgage is the actual debt instrument that's secured by collateral -- the mortgagor's new home.