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Housing bill cuts reverse-mortgage fees

Housing bill cuts reverse-mortgage fees

This is a discussion on Housing bill cuts reverse-mortgage fees within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; According to Tom Kelly with Inman News, “Some people will say reverse mortgages are absolutely too expensive, while others will ...

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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, 06:04 PM

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Housing bill cuts reverse-mortgage fees

According to Tom Kelly with Inman News, “Some people will say reverse mortgages are absolutely too expensive, while others will tell you they are the greatest deal on earth. What all the years of talking to seniors about reverse ...

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bill, cuts, fees, housing, reversemortgage

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