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Gilbert Homes - Mortgage, Understanding Its Various Types

Gilbert Homes - Mortgage, Understanding Its Various Types

This is a discussion on Gilbert Homes - Mortgage, Understanding Its Various Types within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Most of us have encountered the term bmortgage/b. However, only few understand its real meaning. Usually, when we hear the ...

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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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11-10-2008, 01:23 AM

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Gilbert Homes - Mortgage, Understanding Its Various Types

Most of us have encountered the term bmortgage/b. However, only few understand its real meaning. Usually, when we hear the terms, we immediately associate it with debts and real estate acquisition. Although they are somewhat related, b.../b

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