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Be Wise with Your Mortgage, Use Mortgage Calculators

Be Wise with Your Mortgage, Use Mortgage Calculators

This is a discussion on Be Wise with Your Mortgage, Use Mortgage Calculators within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; bMortgages/b available for letting property used to be subject to higher rates of interest than standard residential bmortgages/b, but in ...

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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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11-17-2008, 07:02 PM

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Be Wise with Your Mortgage, Use Mortgage Calculators

bMortgages/b available for letting property used to be subject to higher rates of interest than standard residential bmortgages/b, but in recent years this has changed. In an active attempt to encourage growth in the private rental sector of b.../b

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