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RE: Stone Water Mortgage

RE: Stone Water Mortgage

This is a discussion on RE: Stone Water Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Only an I-diot would start a wholesale bmortgage/b company in the present environment. I wouldn't be surprised if this rocket ...

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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, 12:20 PM

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RE: Stone Water Mortgage

Only an I-diot would start a wholesale bmortgage/b company in the present environment. I wouldn't be surprised if this rocket scientist is also planning to start up a home building venture and purchasing a Hummer dealer. b.../b

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