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What You Need to Know About Mortgage Protection Insurance

What You Need to Know About Mortgage Protection Insurance

This is a discussion on What You Need to Know About Mortgage Protection Insurance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In buying a home, one of the most important things you need to consider is the mortgage . It’s always ...

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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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07-31-2008, 01:28 AM

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What You Need to Know About Mortgage Protection Insurance

In buying a home, one of the most important things you need to consider is the mortgage. It’s always good to be on the safe side and make sure you don’t lose everything by having a home mortgage to rely on. However, this is not enough. ...

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insurance, mortgage, protection

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