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Mortgage Rates in Canada

Mortgage Rates in Canada

This is a discussion on Mortgage Rates in Canada within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; province controls the bmortgage/b and its rates in Canada. Canadian banks play a vital role in the bmortgage/b industry. A ...

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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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11-13-2008, 09:28 PM

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Mortgage Rates in Canada

province controls the bmortgage/b and its rates in Canada. Canadian banks play a vital role in the bmortgage/b industry. A study made in 2004 revealed that, these banks cover around 63% of the entire bmortgage/b industry in Canada. b.../b

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