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Park City Real Estate: Keep an Eye on Mortgage Rates

Park City Real Estate: Keep an Eye on Mortgage Rates

This is a discussion on Park City Real Estate: Keep an Eye on Mortgage Rates within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you have been thinking that you’d love to buy a home of your own in Park City, it’sa good ...

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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, 04:27 AM

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Park City Real Estate: Keep an Eye on Mortgage Rates

If you have been thinking that you’d love to buy a home of your own in Park City, it’sa good idea to make sure that you have a sense of the type of home that you would like to live in. Of course, there are some other things b.../b

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