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Which Mortgage Type is Right for Me?

Which Mortgage Type is Right for Me?

This is a discussion on Which Mortgage Type is Right for Me? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Which bmortgage/b should I choose, based on my home buying situation? This is a common question among home buyers, and ...

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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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10-16-2008, 04:31 PM

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Which Mortgage Type is Right for Me?

Which bmortgage/b should I choose, based on my home buying situation? This is a common question among home buyers, and with good reason. The type of bmortgage/b you choose will have a long-lasting financial impact on you. b.../b

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