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How Much Can I Afford To Borrow On My Mortgage Loan?This is a discussion on How Much Can I Afford To Borrow On My Mortgage Loan? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you are thinking of buying a home in the near future than you are no doubt asking yourself the ... |
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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, 08:24 PM
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How Much Can I Afford To Borrow On My Mortgage Loan?
If you are thinking of buying a home in the near future than you are no doubt asking yourself the question, bmortgage/b calculators: how much can I borrow? it's a very important matter and one you should be prepared to answer before you b.../b
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