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Mortgage BlogThis is a discussion on Mortgage Blog within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; MortgageBlog.com brings relevant mortgage and mortgage marketing related information to our audience of consumers and mortgage professionals. Search for "mortgage" ... |
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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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11-16-2007, 11:06 AM
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Mortgage Blog
MortgageBlog.com brings relevant mortgage and mortgage marketing related information to our audience of consumers and mortgage professionals. Search for "mortgage" Copyright 2007, Topix News continually updated from thousands of sources across the web STAR Ohio fund safe, treasurer says Fri, 16 Nov 2007 12:09:16 GMT State Treasurer Richard Cordray is sending a letter to about 1,600 Ohio counties, school [...]
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