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Mortgage Life InsuranceThis is a discussion on Mortgage Life Insurance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Since we bought our house last April, James and I have been getting flyers in the mail urging us to ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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03-06-2008, 02:05 AM
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Mortgage Life Insurance
Since we bought our house last April, James and I have been getting flyers in the mail urging us to purchase mortgage life insurance. At first, we just thought of these letters as nothing more than junk mail, and were tossing them ...
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| insurance, life, mortgage |
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