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Homeowner Offering #39;Bank-Free Mortgage#39;This is a discussion on Homeowner Offering #39;Bank-Free Mortgage#39; within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A homeowner is hoping to beat the property slump - by offering buyers a bank-free 'bmortgage/b'. More... (Source: Google Blog ... |
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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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10-19-2008, 07:48 PM
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Homeowner Offering #39;Bank-Free Mortgage#39;
A homeowner is hoping to beat the property slump - by offering buyers a bank-free 'bmortgage/b'.
More... (Source: Google Blog Search) 
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| Tags |
| #39bankfree, homeowner, mortgage#39, offering |
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