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Mortgage Companies - Prime Lenders Vs Sub Prime Lenders

Mortgage Companies - Prime Lenders Vs Sub Prime Lenders

This is a discussion on Mortgage Companies - Prime Lenders Vs Sub Prime Lenders within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; For those with poor credit, turn to a sub prime lender for reasonable rates on mortgage loans. You will also ...

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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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10-18-2007, 06:02 PM

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Mortgage Companies - Prime Lenders Vs Sub Prime Lenders

For those with poor credit, turn to a sub prime lender for reasonable rates on mortgage loans. You will also find more flexibility with a sub prime in drawing up terms and conditions in your loan contract. When Prime Lenders Are Best ...

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