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More money needed in Australian mortgage market

More money needed in Australian mortgage market

This is a discussion on More money needed in Australian mortgage market within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The head of Australian non-bank lender Aussie Home Loans says the government should invest more in shoring up the bmortgage/b ...

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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, 04:58 AM

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More money needed in Australian mortgage market

The head of Australian non-bank lender Aussie Home Loans says the government should invest more in shoring up the bmortgage/b market. The Australian Government’s investing two lots of $AU2 billion in a scheme which will help reverse the b.../b

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australian, market, money, mortgage, needed

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