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Mayor Barrett Supports Increasing Mortgage Costs for Responsible

Mayor Barrett Supports Increasing Mortgage Costs for Responsible

This is a discussion on Mayor Barrett Supports Increasing Mortgage Costs for Responsible within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The banks and bmortgage/b companies. Guess how they recoup those costs? By passing on the costs to new bmortgages/b in ...

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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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11-01-2008, 01:52 AM

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Mayor Barrett Supports Increasing Mortgage Costs for Responsible ...

The banks and bmortgage/b companies. Guess how they recoup those costs? By passing on the costs to new bmortgages/b in the form of higher interest rates. In the end, the folks who can afford their bmortgages/b will have to pick up the slack for b.../b

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