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Discussion on Pacific Community Mortgage, Inc. - Gold Rever

Discussion on Pacific Community Mortgage, Inc. - Gold Rever

This is a discussion on Discussion on Pacific Community Mortgage, Inc. - Gold Rever within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Author: autopost Posted: Thu Sep 04, 2008 9:31 pm (GMT 0) Topic Replies: 0 http://ml-implode.com/imploded…..09-04.html . Read the rest of ...

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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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09-04-2008, 10:43 PM

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Discussion on Pacific Community Mortgage, Inc. - Gold Rever

Author: autopost Posted: Thu Sep 04, 2008 9:31 pm (GMT 0) Topic Replies: 0 http://ml-implode.com/imploded…..09-04.html. Read the rest of this great post here.

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