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Altura Credit Union helps homeowners seek mortgage advice

Altura Credit Union helps homeowners seek mortgage advice

This is a discussion on Altura Credit Union helps homeowners seek mortgage advice within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 1 Comment, last updated on Tuesday Nov 18 by Leticia Olsen More... (Source: Topxi.com) ...

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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, 11:48 PM

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Altura Credit Union helps homeowners seek mortgage advice

1 Comment, last updated on Tuesday Nov 18 by Leticia Olsen

More...

(Source: Topxi.com)

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