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Remortgage, a panacea for debt consolidation Posted By : Daniel spiveyThis is a discussion on Remortgage, a panacea for debt consolidation Posted By : Daniel spivey within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgages are a very vast subject and assumed significance over the years due to the increase in dwelling needs of ... |
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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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05-17-2008, 04:34 PM
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Remortgage, a panacea for debt consolidation Posted By : Daniel spivey
Mortgages are a very vast subject and assumed significance over the years due to the increase in dwelling needs of the people across the world. There are different types of mortgages are offered by lenders in different countries. ...
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| consolidation, daniel, debt, panacea, remortgage, spivey |
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