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Billions needed to rescue economy

Billions needed to rescue economy

This is a discussion on Billions needed to rescue economy within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 2 Comments, last updated on Friday Sep 19 by DaxTheAxe More... (Source: Topxi.com) ...

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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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09-20-2008, 03:26 AM

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Billions needed to rescue economy

2 Comments, last updated on Friday Sep 19 by DaxTheAxe

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(Source: Topxi.com)

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billions, economy, needed, rescue

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