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Government#39;s Solution to High Mortgage Payments

Government#39;s Solution to High Mortgage Payments

This is a discussion on Government#39;s Solution to High Mortgage Payments within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; You say your bmortgage/b payments have risen to the point where you and your family have been forced to cut ...

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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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11-16-2008, 02:34 PM

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Government#39;s Solution to High Mortgage Payments

You say your bmortgage/b payments have risen to the point where you and your family have been forced to cut back on "necessities" like dining in upscale restaurants seven nights a week, motoring about in luxury SUVs, and vacations in b.../b

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