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What Size Mortgage Can You Afford?

What Size Mortgage Can You Afford?

This is a discussion on What Size Mortgage Can You Afford? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; With real estate prices free falling in many areas, bmortgages/b seem to be the topic on everyone???s minds. It is ...

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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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11-14-2008, 11:31 AM

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What Size Mortgage Can You Afford?

With real estate prices free falling in many areas, bmortgages/b seem to be the topic on everyone???s minds. It is hard to narrow down all the different concerns people have into a structured format, but my facilitators report that one of b.../b

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