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Get Cozy with Mortgage CalculatorsThis is a discussion on Get Cozy with Mortgage Calculators within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; It’s hard to resist wondering whether the economy would be better today, had those same people tinkered with bmortgage/b calculators ... |
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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, 03:24 PM
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Get Cozy with Mortgage Calculators
It’s hard to resist wondering whether the economy would be better today, had those same people tinkered with bmortgage/b calculators a couple of years ago, but well, better late than never. File this under “lessons learned from the b.../b
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