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Comment on Westpac defends mortgage rate hike by jap imports

Comment on Westpac defends mortgage rate hike by jap imports

This is a discussion on Comment on Westpac defends mortgage rate hike by jap imports within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Just thought I would be the first to say that the reason for this increase is not due to wholesale ...

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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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05-20-2008, 09:30 PM

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Comment on Westpac defends mortgage rate hike by jap imports

Just thought I would be the first to say that the reason for this increase is not due to wholesale rates as the current wholesale rates are similar to what they were in June 2007 when the floating rate was 9.95%, the reason is that ...

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