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Understanding Mortgage Refinance in Ontario Canada

Understanding Mortgage Refinance in Ontario Canada

This is a discussion on Understanding Mortgage Refinance in Ontario Canada within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you are from Ontario, Canada and are interested in getting a bmortgage/b refinance in ontario canada for your home, ...

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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, 04:47 PM

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Understanding Mortgage Refinance in Ontario Canada

If you are from Ontario, Canada and are interested in getting a bmortgage/b refinance in ontario canada for your home, then I am sure you ...

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