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Mortgage and Credit Crunch - It is Not Only the Home Owners Who SufferThis is a discussion on Mortgage and Credit Crunch - It is Not Only the Home Owners Who Suffer within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; You see, we always think that it is the home owners who suffer from the mortgages due to credit crunch ... |
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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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You see, we always think that it is the home owners who suffer from the mortgages due to credit crunch today. Well, I just learned that the employees in the business are also severely hit by the credit crunch. I admit, I personally [. ...
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| credit, crunch, home, mortgage, owners, suffer |
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