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Navigating the Current Mortgage Market Place

Navigating the Current Mortgage Market Place

This is a discussion on Navigating the Current Mortgage Market Place within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Interest rates on jumbo bmortgages/b and loans for borrowers with unique situations are considerably higher than loans for borrowers who ...

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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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10-10-2008, 11:15 PM

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Navigating the Current Mortgage Market Place

Interest rates on jumbo bmortgages/b and loans for borrowers with unique situations are considerably higher than loans for borrowers who have smaller bmortgage/b balances, high credit scores, large down payments, and long, b.../b

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