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Thinking About A Remortgage? Let’s Look At The Choices

Thinking About A Remortgage? Let’s Look At The Choices

This is a discussion on Thinking About A Remortgage? Let’s Look At The Choices within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; This mortgage or remortgage provides a firm monthly payment for the initial loan period, although subsequently may not be cost ...

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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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06-02-2008, 03:45 AM

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Thinking About A Remortgage? Let’s Look At The Choices

This mortgage or remortgage provides a firm monthly payment for the initial loan period, although subsequently may not be cost effective. This mortgage, just like the SVR, is something a homeowner often seeks a remortgage from. ...

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