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Debt Consolidation and Mortgage RefinanceThis is a discussion on Debt Consolidation and Mortgage Refinance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A common time to consider mortgage refinance is when you are having some financial difficulties. Refinancing and financial troubles sort ... |
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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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07-03-2008, 06:45 PM
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Debt Consolidation and Mortgage Refinance
A common time to consider mortgage refinance is when you are having some financial difficulties. Refinancing and financial troubles sort of go hand in hand because when you are trying to cut costs you.
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| consolidation, debt, mortgage, refinance |
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