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Options To Qualify For A Mortgage With Ugly Credit

Options To Qualify For A Mortgage With Ugly Credit

This is a discussion on Options To Qualify For A Mortgage With Ugly Credit within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Family members may offer low-interest or no-interest loans, but you may want to consult your tax accountant before you go ...

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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, 06:08 PM

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Options To Qualify For A Mortgage With Ugly Credit

Family members may offer low-interest or no-interest loans, but you may want to consult your tax accountant before you go down the no-interest path. Basically, if the IRS sees a bmortgage/b that’s below the standard interest rate, b.../b

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