A mortgage (home loan) is a product intended to pay the home from the bank, and then the home owner pays the bank back. While there is a mortgage, the bank legally owns the home. However, once the loan is paid off, the title will be provided to the owner. FSP Bank will believe in financial responsibility, and will encourage 15 year mortgages to save the customer money. Obviously, this will be a smaller mortgage. The monthly payment will not be approved for a mortgage that the monthly payment is more than 30% of the net income. This will help assure that the customer can afford the mortgage. If not, then the home will be acquired, the owner evicted, and now the bank has a house that it doesn’t want. By forcing responsible borrowing, the customer benefits, and while not as much – the bank benefits as well. Because if the owner pays $0, it doesn’t matter the interest.