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Ontario takes out a second mortgage

Ontario takes out a second mortgage

This is a discussion on Ontario takes out a second mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I feel obligated to note the return of deficit spending to Ontario. About $500 million dollars separates us from a ...

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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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10-23-2008, 09:51 PM

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Ontario takes out a second mortgage

I feel obligated to note the return of deficit spending to Ontario. About $500 million dollars separates us from a balanced budget. It’s disappointing, sure, but not exactly shocking. And certainly better than cutting a half billion b.../b

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