A mortgage is a loan made for real estate and 90% of home buyers will use them when purchasing a home.
The good news about mortgages is that they're abundantly available.
You can get a mortgage from a local bank, an online mortgage lender, or from a bank across the country. This means that -- as a consumer -- you can comparison shop home loans to your heart's content.
One comparison area for mortgage loan shoppers is the "mortgage rate".
Mortgage rates are the rate at which you pay interest on your mortgage loan. Rates vary between banks, and the bank with the lowest mortgage rate today may not be the bank with the lowest mortgage rate tomorrow.