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Debt Consolidation Refi Loans ? Eliminate Debt With A Mortgage ...

Debt Consolidation Refi Loans ? Eliminate Debt With A Mortgage ...

This is a discussion on Debt Consolidation Refi Loans ? Eliminate Debt With A Mortgage ... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; By choosing to refinance your existing mortgage loan, you will create a new loan to replace the old. Aside from ...

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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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12-05-2007, 10:18 AM

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Debt Consolidation Refi Loans ? Eliminate Debt With A Mortgage ...

By choosing to refinance your existing mortgage loan, you will create a new loan to replace the old. Aside from getting a lower interest rate, some choose refinancing to convert their adjustable rate mortgage into a fixed rate. ...

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