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Comment on Double mortgage deductability! Good idea? by shannon

Comment on Double mortgage deductability! Good idea? by shannon

This is a discussion on Comment on Double mortgage deductability! Good idea? by shannon within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Chris, Most homeowners haven’t saved anything. I have saved tons of money renting and so have all my neighbors. We ...

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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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11-18-2008, 04:17 AM

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Comment on Double mortgage deductability! Good idea? by shannon

Chris, Most homeowners haven’t saved anything. I have saved tons of money renting and so have all my neighbors. We are all hard working middle class families watching from the sidelines. I don’t want to have to subsidise someone elses b.../b

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