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Homeowners Foresee Long-term Mortgage Commitment

Homeowners Foresee Long-term Mortgage Commitment

This is a discussion on Homeowners Foresee Long-term Mortgage Commitment within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A further 20 per cent didn’t expect to fully pay off their bmortgage/b until some time in their 50s, with ...

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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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11-15-2008, 01:37 PM

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Homeowners Foresee Long-term Mortgage Commitment

A further 20 per cent didn’t expect to fully pay off their bmortgage/b until some time in their 50s, with many also complaining that bmortgage/b commitments were impeding on other areas of their life. More than two in five claimed not to be b.../b

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