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The Hidden Mortgage OriginatorThis is a discussion on The Hidden Mortgage Originator within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Bond Originator are in the business of selling mortgages to other banks. When you get approved for a mortgage through ... |
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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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09-03-2008, 10:36 AM
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The Hidden Mortgage Originator
Bond Originator are in the business of selling mortgages to other banks. When you get approved for a mortgage through a builder, you are actually being approved to have a mortgage found for you via a mortgage originator. ...
More... (Source: Google Blog Search) 
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| hidden, mortgage, originator |
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