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Major lenders hike mortgage rates

Major lenders hike mortgage rates

This is a discussion on Major lenders hike mortgage rates within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Three major mortgage lenders have hiked their rates, signalling an end to the recent trend of falls in the cost ...

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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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09-26-2008, 04:55 AM

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Major lenders hike mortgage rates

Three major mortgage lenders have hiked their rates, signalling an end to the recent trend of falls in the cost of home loans.

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(Source: Google Blog Search)

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hike, lenders, major, mortgage, rates

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