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My Manayunk Mortgage: the Fees

My Manayunk Mortgage: the Fees

This is a discussion on My Manayunk Mortgage: the Fees within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A lot of people just plunge into mortgage without evaluating it completely. They are either too fascinated with real estate ...

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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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10-07-2008, 12:24 AM

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My Manayunk Mortgage: the Fees

A lot of people just plunge into mortgage without evaluating it completely. They are either too fascinated with real estate so as to be able to evaluate mortgages or they are just plain careless. However, mortgages need to be considered ...

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