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Mortgage brokers ditching day jobsThis is a discussion on Mortgage brokers ditching day jobs within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; After benefiting handsomely during the housing boom, bmortgage/b brokers say they are now going bust. Many are either surrendering their ... |
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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, 05:44 PM
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Mortgage brokers ditching day jobs
After benefiting handsomely during the housing boom, bmortgage/b brokers say they are now going bust. Many are either surrendering their licenses or trying to eke out a living until the annual licenses for their companies expire and they b.../b
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| brokers, day, ditching, jobs, mortgage |
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