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Park City Real Estate: It’s Not a Bad Time to Find a Mortgage

Park City Real Estate: It’s Not a Bad Time to Find a Mortgage

This is a discussion on Park City Real Estate: It’s Not a Bad Time to Find a Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; One of the great things about the mortgage bailout of Freddie Mac and Fannie Mae is that, at least for ...

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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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09-14-2008, 03:23 AM

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Park City Real Estate: It’s Not a Bad Time to Find a Mortgage

One of the great things about the mortgage bailout of Freddie Mac and Fannie Mae is that, at least for now, interest rates associated with mortgage loans are dropping; if you’ve been thinking about buying Park City real estate, ...

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