What is Mortgage Bank For?

Mortgage bank gives long term credits against securities of immovable properties; as like, agricultural lands, buildings and machinates and others. Basically, credit is given to the agriculturist, small industries or house builders. The type of bank is essential in an under developed country where the capital supply is very limited. Almost in every countries, House Building Finance Corporation is functioning as mortgage bank providing long term loans to house builders against securities of building and land property.