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Home Price Versus Home Mortgage Loan RateThis is a discussion on Home Price Versus Home Mortgage Loan Rate within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Do I wait for my potential home bmortgage/b loan rate to drop before I hit my home shopping adventure, or ... |
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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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11-03-2008, 08:27 PM
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Home Price Versus Home Mortgage Loan Rate
Do I wait for my potential home bmortgage/b loan rate to drop before I hit my home shopping adventure, or do I find my dream home now at bargain basement prices? If you have a solid down payment and good to great credit, you might consider b.../b
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| home, loan, mortgage, price, rate, versus |
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