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Realestate Briefing :- HSBC raises mortgage rates

This is a discussion on Realestate Briefing :- HSBC raises mortgage rates within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; From Independent: HSBC became the first of the major lenders to announce it was hiking its mortgage rates following the ...


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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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Old 09-26-2008, 11:01 AM
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Default Realestate Briefing :- HSBC raises mortgage rates

From Independent: HSBC became the first of the major lenders to announce it was hiking its mortgage rates following the recent jump in wholesale funding costs. The group is increasing its fixed-rate deals for borrowers with just a 10 ...

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