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The Mortgage Tools Series is BACK: Home loan closing costs- Fees ...This is a discussion on The Mortgage Tools Series is BACK: Home loan closing costs- Fees ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; How do you explain to your real estate client what are prepaid items and what are closing costs for a ... |
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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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03-20-2008, 04:21 AM
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The Mortgage Tools Series is BACK: Home loan closing costs- Fees ...
How do you explain to your real estate client what are prepaid items and what are closing costs for a mortgage loan? When negotiating a contract in this current buyers market it is common the “closing costs” are negotiated to be paid by ...
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| back, closing, costs, fees, home, loan, mortgage, series, tools |
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