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Buying a Home Means Understanding Mortgages

Buying a Home Means Understanding Mortgages

This is a discussion on Buying a Home Means Understanding Mortgages within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; When you start to look into buying a home, one of the first things that you are going to want ...

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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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10-12-2008, 12:02 AM

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Buying a Home Means Understanding Mortgages

When you start to look into buying a home, one of the first things that you are going to want to think about is simple: you’re going to want to make sure that you have an understanding of bmortgage/b loans, how to get them, b.../b

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