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Getting A Mortgage: Tips For First Time Home BuyersThis is a discussion on Getting A Mortgage: Tips For First Time Home Buyers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; bmortgage/b tips. Everybody around the world dreams of owning a house one day, though usually the dream is a bit ... |
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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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11-07-2008, 07:10 AM
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Getting A Mortgage: Tips For First Time Home Buyers
bmortgage/b tips. Everybody around the world dreams of owning a house one day, though usually the dream is a bit extravagant, where you will own a 10 story house with 20 bathrooms and 500 bedrooms… Which is something that really does not b.../b
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| buyers, home, mortgage, time, tips |
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