Booker Prize goes to Aravind Adiga, the 33-years –old, Chennai- born author won the $50,000 man Booker Prize on Tuesday for his debut novel “The White Tiger.”
What is meant by mortgage and mortgage loan?
A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt. A mortgage loan is a loan secured by real property through the use of a mortgage (a legal instrument). However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.

Explain fixed rate Mortgage Loans and Adjustable rate Mortgage Loans?
Fixed-Rate Mortgage Loans:
The interest rate for a fixed-rate mortgage remains constant for the duration of the loan.
Adjustable-Rate Mortgage Loans:
The interest rate for an adjustable-rate mortgage (or ARM loan) fluctuates during the duration of the loan.
What is 80/20 Mortgage Loan?
80/20 Mortgage Loans:
In this type of loans the home buyer takes out two loans -- the first for 80 percent of the purchase price, and the second for 20 percent of the home's price. The borrower is expected to come up with the closing costs.
"It allows people to buy without a down payment, or for those people who would prefer not to touch their savings to get into a house,"
This type of loan is for people who have gotten out of college and have good jobs. They have good credit, but they haven't had the opportunity to accumulate a lot of savings."
This mortgage plan avoids paying mortgage insurance by getting a second mortgage to back up the first mortgage. The first and main mortgage is for 80 percent of the home's price. The second loan is for 20 percent of the home's price, minus the down payment, if any. If you see mention of an 80-15-5 loan, it means that the borrower got a main mortgage of 80 percent of a home's purchase price, a second loan for 15 percent, and made a 5-percent down payment. Combinations, such as 80-10-10, are also possible. The 80-20 uses a loan without a down payment.