		Mortgage Forum Index > Mortgage and Loans Forum > Mortgage Know-How
What Type of loan?

What Type of loan?

This is a discussion on What Type of loan? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Hello I am looking to get a loan to pay of some debts (credit cards & a few other bills) ...

Google Ads Advertisement

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.

LinkBack

Thread Tools

Display Modes

#1 (permalink)

07-10-2008, 08:43 PM

age2purrfection age2purrfection is offline

Junior Member

Join Date: Jul 2008

Posts: 1

Your Earnings US $: 0.13
How To Earn By Posting?

What Type of loan?

Hello I am looking to get a loan to pay of some debts (credit cards & a few other bills) and do some minor repairs on my 1983 mobile home.I am looking to borrow abt 10,000.00 to 15,000.00$. I paid off my property in 2000. Need to know what all there is to getting a loan on my land, as I understand older mobile homes are basicly worthless! So I would like to borrow on my land value est. 45,000.$ My credit was ok over 700's abt a month ago. So will I have to have insurance on the property etc. for the loan. I paid through by owner on my mortgage so I have never had a major loan with a financial institute. Any advise will be so greatly appreciated.

Tags

loan, type

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Finding The Most Appropriate Type of Mortgage Loan Posted By : KJ	Administrator	Mortgage Know-How	0	12-05-2008 10:35 PM
Finding The Most Appropriate Type of Mortgage Loan \| Content for	Administrator	Mortgage Know-How	0	12-05-2008 12:06 PM
What type of loan should we be looking for?	Administrator	Mortgage Problems and Solutions	0	12-03-2008 08:12 AM
Urgently needing to know best type of loan	Administrator	Mortgage Problems and Solutions	0	09-09-2008 04:14 PM
What is the best type of loan to go with?	Administrator	Mortgage Problems and Solutions	0	05-07-2008 05:38 PM

Bookmark this thread

Share |

« Judicial Watch files complaint over Obama’s mortgage | Worries on Deepening Mortgage Losses Pressure Greenback »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On Forum Rules

Discussion What Type of loan? in printable format

All times are GMT. The time now is 12:55 PM.

Loans & Mortgage Forum :: Register :: Members :: Statistics :: Rules :: Help :: Contact :: Archive