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Basic Requirements Needed To Receive A Mortgage Posted By : Brian

Basic Requirements Needed To Receive A Mortgage Posted By : Brian

This is a discussion on Basic Requirements Needed To Receive A Mortgage Posted By : Brian within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; With the housing market in turmoil after the sub-prime bmortgage/b crisis and the Federal bail-out of Freddie Mac and Fannie ...

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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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11-02-2008, 11:11 AM

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Basic Requirements Needed To Receive A Mortgage Posted By : Brian ...

With the housing market in turmoil after the sub-prime bmortgage/b crisis and the Federal bail-out of Freddie Mac and Fannie Mae, the basic requirements to receive a bmortgage/b have tightened up. According to at least one real estate b.../b

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