A mortgage is a loan from a bank or lender to help you finance the purchase of a home. When you take out a mortgage, you make a promise to repay the money you’ve borrowed, plus an agreed-upon interest rate. The home is used as “collateral.” That means if you break the promise to repay at the terms established on your mortgage note, the bank has the right to foreclose on your property. Your loan does...
- Communites Orange County is a county in the U.S. state of California. Its county seat is Santa Ana. As of the 2010 census, its population was 3,010,232, making it the third most populous county in California, behind Los Angeles County and San Diego County, and the second most populous in the Greater Los Angeles Area, after Los Angeles County. It is the sixth most populous county in the United States as of 2009 while at the same time is the smallest area-wise county in Southern California, being roughly half the size of the next smallest county, Ventura. The county is famous for its tourism, as the home of such attractions as Disneyland and Knott’s Berry Farm, and several beaches along its more than 40 miles (64 km) of coastline. It is known for its affluence and political conservatism – a 2005 academic study listed three Orange County cities as being among America’s 25 “most conservative,” making it one of two counties in the country containing more than one such city (Maricopa County, Arizona, also has three cities on the list). Whereas most population centers in the United States tend to be identified by a major city, there is no defined urban…
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