Discuss in the meaning of Mortgage alongwith at least four types of Mortgages.

A mortgage is a financial arrangement where a borrower pledges a property as collateral for a loan, typically used to purchase real estate. The lender, usually a bank or mortgage company, provides the funds needed to buy the property, and in return, the borrower agrees to repay the loan over a specified period, often with interest. Mortgages play a vital role in enabling individuals to own homes and are a cornerstone of the housing market.

Here are four common types of mortgages:

1. Fixed-Rate Mortgage (FRM): In a fixed-rate mortgage, the interest rate remains constant throughout the life of the loan. This means that the borrower's monthly _____ ______ __________ ________ _________ _______ ___ __________ _________ ____ _______.
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