The more you pay in advance, the lower the rate will be. After deciding that you can pay the monthly installments, you must choose the best mortgage loan that Mortgage Advisor Birmingham offers. The money you lend is capital, and the lender will charge interest until the loan is repaid. You pay the interest and part of the capital every month. At the end of the contract period, you should be able to pay everything off and own your home. That is the best part of all this, but until you get there, you must follow many steps and be careful about any action you take.