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Pete’s Latest Rates-Prospect Mortgage Sub 6% for 1Point! This is good!

Pete’s Latest Rates-Prospect Mortgage Sub 6% for 1Point! This is good!

This is a discussion on Pete’s Latest Rates-Prospect Mortgage Sub 6% for 1Point! This is good! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Prospect Mortgage , a “Direct Lender” We now know what the new conforming loan limit will be for Sonoma county ...

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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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11-12-2008, 01:16 AM

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Pete’s Latest Rates-Prospect Mortgage Sub 6% for 1Point! This is good!

Prospect Mortgage , a “Direct Lender” We now know what the new conforming loan limit will be for Sonoma county for 2009 . . . .its $520950, up from $419000. We are now a “highcost” county. That will mean for loans that close in 2009 you b.../b

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