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State mortgage plan for first-time buyers

State mortgage plan for first-time buyers

This is a discussion on State mortgage plan for first-time buyers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage brokers have been approached and asked if they would be willing to arrange the State-provided home loans. Sources indicated ...

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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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10-11-2008, 02:30 PM

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State mortgage plan for first-time buyers

Mortgage brokers have been approached and asked if they would be willing to arrange the State-provided home loans. Sources indicated that the brokers would be paid a set fee, thought to be around €1000, for arranging the bmortgages/b. b.../b

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